On January 1, 2018, Catlin Corporation had Retained Earnings of $448,000. During the year, Catlin had the following selected transactions: 1. Declared stock dividends of $50,000. 2. Declared cash dividends of $80,000. A2 for 1 stock split involving the issuance of 200,000 shares of $5 par value common stock for 100,000 shares of $10 par 3. value common stock. 4. Suffered a net loss of $60,000. Prepare a retained earnings statement for the year. (List items that increase retained earnings first.) CATLIN CORPORATION Retained Earnings Statement For the Year Ended December 31, 2018 Balance, January 1, as reported 448000 Add : Cash Dividends 1000000 5448000 Less : Stock Dividend $ 50000 i Cash Dividends 80000 i 60000 Total Revenues $