The following information is related to Alexis and Ryans, Attorneys at Law.

Retained earnings, January 1, 2022 ............$ 23,000
Legal service revenue—2022 .......................340,000
Total expenses—2022 ..................................211,000
Assets, January 1, 2022 ...................................85,000
Liabilities, January 1, 2022 ..............................62,000
Assets, December 31, 2022 .........................168,000
Liabilities, December 31, 2022 ......................80,000
Dividends—2022 .............................................64,000

Instructions

Prepare the 2022 retained earnings statement for Alexis and Ryans, Attorneys at Law.