Exercise $11-17($Algo$)$ Preparing a statement of retained earnings LO C$3$

Prepare a statement of retained earnings for Tidal Company for the current year ended December $31$ using the following data.

Note: Amounts to be deducted should be indlcated by a minus sign.

Cash dividends declared and paid in current year

Retained earnings at December $31,$ prior year

Net income in current year

$$8,689$

$61,260$

$34,260$