the Singh park hotels activities impacting retained earnings and other equity accounts during the 20x2 were as follows :

1. 5000$ shares of common stock with a per value of 5$ were sold for $15.00 per share
2. dividends declared in 20xx1 of $80000 were paid in 20x2
3. dividends declared in 20x2 and paid in 20x2 totaled in $190000
4. dividends declared in 20x2 to be paid during 20x3 totaled $40000

5.net earnings for 20x2 equaled 280000

the balance of the retained earnings account was $300000 at the beginning of 20x2

required: prepare the statement of retained earnings for 20x2 for the Singh park hotel. ( assume the hotels fiscal year ends on December 31,20x2)