Use the following data to prepare a statement of retained earnings for Schauer Corporation. Total retained earnings originally reported as of january 1 $347.000 Stock dividends declared during the year 15.000 Cash dividends declared during the year 40,000 Net income for the year 65.000 SCHAUER CORPORATION Statement of Retained Earnings For the Year Ended December 31 Add: 0. Less: Stock Dividends Declared