Exercise $13-17($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 indicated by a minus sign. Cash dividends declared and paid in current year$ $11,600$Retained earnings at December $31,$ prior year$67,200$Net income in current year$40,200$