Wyler, Inc. had beginning retained earnings of $ 110,000 on January 1, 2018. During the year, Wyler declared and paid $ 95,000 of cash dividends and earned $ 85,000 of net income. Prepare a statement of retained earnings for Wyler, Inc. for the year ending December 31, 2018.

Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal.