Presented below is information related to Kevin and Johnson, Attorneys at Law.
Retained earnings, January 1, 2011 ........ $ 23,000
Legal service revenue—2011 ........... 350,000
Total expenses—2011 ............. 211,000
Assets, January 1, 2011 ............ 85,000
Liabilities, January 1, 2011 ............ 62,000
Assets, December 31, 2011 ........... 168,000
Liabilities, December 31, 2011 ......... 85,000
Dividends—2011 .............. 79,000

Instructions
Prepare the 2011 retained earnings statement for Kevin and Johnson, Attorneys at Law.