TIRER OURCES Question At January 1, 2022, the assets of Cullumber Company were $1,060,000 and liabilities were $750,000. The balance in common stock was $150,000. During 2022, Culumber and mo $230,000 and had expenses of $145,000. Dividends of $60,000 were paid during the year. The company also purchased copment in exchange for a $10,000 note pale Prepare a retained earnings statement in good form. (List items that increase retained caringsfirst) CULLUMBER COMPANY Retained Earnings Statement . . by Study SURETANSE Question Attempts: 0 ofised