Use the following data to prepare the 2019 retained earnings reconciliation for Maffett Company.

Total retained earnings, December 31, 2018	$347,000
Stock dividends declared and paid in 2019	28,000
Cash dividends declared and paid in 2019	35,000
Net income for 2019	94,000

Hint: Do not use negative signs with your answers.

MAFFETT COMPANY Statement of Retained Earnings For the Year Ended December 31, 2019
Retained earnings, December 31, 2018		Answer
AnswerNet incomeCash dividends declaredStock dividends declared		Answer
		Answer
Less: Cash dividends declared	Answer
AnswerNet incomeCash dividends declaredStock dividends declared	Answer	Answer
Retained earnings, December 31, 2019		Answer