Retained Eamings Statement Rolt Cohpany began 2016 with a $115,009 balance in retained parnings. During the yeas the folloming evontr ocaurredt: 1. Thie company earned aet income of $71,000. 3. Cash dividents totaliog 110,500 and stock dividends totaling $18,000 were deolared. 4. One thousand shares of callabie preferred stock that crighally hed been asued at $115 por thare were recalled and retired at the beganing of 2016 for the cail ponce of 5120 per stiare. esming resthictions in a cote te the firancial statements. Check My Work