Use the following data to prepare a statement of retained earnings for Shepler Corporation. Total retained earnings originally reported at January 1 $1,134,000 Cash dividends declared during the year 262,500 Net income for the year 675,500 Stock dividend declared during the year 105,000 Shepler Corporation Statement of Retained Earnings For Year Ended December 31 Retained earnings, January 1 Answer 0 Add: Net income Answer 0 Less: Cash dividends declared Answer 0 Stock dividends declared Answer 0