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The following selected information is available for Evangelica Corporation, the year ended Decemb31, 2022: 1 Retained Earnings, January $300,000 Common shares. Unlimited number 2 authorized,

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The following selected information is available for Evangelica Corporation, the year ended Decemb31, 2022: 1 Retained Earnings, January $300,000 Common shares. Unlimited number 2 authorized, 250,000 issued-January 1 $500,000 Issued 50,000 common shares for $150,000 on January 3 Declared and paid dividends of $0.10 per share in December 5 Reported net income of $180,000 for the year. 4 Required Prepare a statement of retained earings

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