Presented below is information related to Alexis and Ryans, Attorneys at Law.

Retained earnings, January 1, 2020 .............................  $ 23,000

Legal service revenue—2020 ........................................  340,000
Total expenses—2020 ...................................................  211,000
Assets, January 1, 2020 .................................................     85,000
Liabilities, January 1, 2020 ............................................     62,000
Assets, December 31, 2020 ..........................................   168,000
Liabilities, December 31, 2020 .....................................     80,000
Dividends—2020 ............................................................    64,000

Instructions

Prepare the 2020 retained earnings statement for Alexis and Ryans, Attorneys at Law.