v$2.$cengagenow.com

For the Years Ended December $31,20Y2$ and $20Y1$

Retained earnings, January $1$

Net income

Dividends:

On preferred stock

On common stock

Increase in retained earnings

Retained earnings, December $31$

$\backslash$table$[[20$Y$2,20$Y$1],[$$$3,704,000,$$$3,264,000$