View Policies Current Attempt in Progress Presented here is information for Sheffield Corp. for 2022. Retained earnings, January 1 $143,000 Service revenue 440,000 Total expenses 192,500 Dividends 71,500 (a1) Your answer has been saved. See score details after the due date. Calculate the net income. Net income (a2) 247,500 Attempts: 1 of 1 used Prepare the 2022 retained earnings statement for Sheffield Corp... (List items that increase retained earnings first.) Sheffield Corp. Retained Earnings Statement Prepare the 2022 retained earnings statement for Sheffield Corp. (List items that increase retained earnings first.) Sheffield Corp. Retained Earnings Statement Save for Later $ Attempts: 0 of 1 used Submit