Prepare a separate retained earnings statement for 2025. (List items that increase adjusted retained earnings first.)

Presented below is information related to Ivan Calderon Corp. for the year 2025. Prepare a multiple-step income statement for 2025. Assume that 60,000 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, e.g. 1.49.) IVAN CALDERON CORP. Income Statement For the Year Ended December 31, 2025 Revenue Net Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Income from Operations Other Revenues and Gains Interest Revenue Dividend Revenue 407000 520000 Prepare a separate retained earnings statement for 2025. (List items that increase adjusted retained earnings first.)