Retained earnings statement Labels and Amount Descriptions Retained Earnings Statement Instructions Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscalyear ended December 31, 2018, are as follows Retained Earnings 90,000 Jan 1 (2018) Dec. 31 1,370,000 Dec. 31 40,000 Dividends Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 22,500 22,500 22,500 22,500 90,000 Income Summary