Current Attempt in Progress Blossom Paper Mill, Inc. had, at the beginning of the current fiscal year. April 1, 2016, retained earnings of $ 321,100. During the year ended March 31, 2017, the company produced net income after taxes of $ 713,625 and paid out 48 percent of its net income as dividends. Construct a statement of retained earnings and compute the year-end balance of retained earnings. (Round answers to 2 decimal places, e8. 15.25. List items that increase retained earnings first.) Blossom Paper Mill, Inc. Retained Earnings for 2017 Balance of Retained Earnings, Aaril 1, 2016 Add : Net Income, 2017 Less i Dividends to common stockholders Balance of Retained Earnines, March 31, 2017 e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later