Wyler, Inc. had beginning retained earnings of $125,000 on January 1, 2024. During the year, Wyler declared and paid $90,000 of cash dividends and earned $100,000 of net income. Prepare a statement of retained earnings for Wyler, Inc. for the year ending December 31, 2024 Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal Wyler, Inc. Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 Net income for the year Dividends declared Retained Earnings, December 31, 2024