EX 4-8 Retained earnings statement Climate Control Systems Co. offers its services to residents in the Spokane area. Selected counts from the ledger of Climate Control Systems for the fiscal year ended December 31 ac- 2018, are as follows: Retained Earnings 160,000 Dec. 31 160,000 Jan. 1 2018) 4,150,800 M Dec. 31 Dec.31 Mar. 31 40,000 June 30 Sept. 30 Dec. 31 700,000 40,000 40,000 40,000 Income Summary Dec. 31 31 4,530,000 Dec. 31 5,230,000 700,000 are a retained earnings statement for the year