This Question: 2 pts 13 of 28 (0 complete) 10. Gibson, Inc. had beginning retained earnings of $270,000 on January 1, 2018. During the year, Gibson declared and paid $180,000 of cash dividends and earned $210,000 of net income. Prepare a statement of retained earnings for Gibson, Inc. for the year ended December 31, 2018 Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. Gibson, Inc. Statement of Retained Earnings Year Ended December 31, 2018 Year Ended December 31, 2018 Dividends declared Net income for the year Prior-period adjustment Retained Earnings, January 1, 2018 Retained Earnings, December 31, 2018