Sweet Stuff Bakery, Inc. reported a prior$-$period adjustment in $2025.$ An accounting error caused net income of prior years to be overstated by $$10,000.$ Retained Earnings at December $31,2024,$ as previously reported, was $$47,000.$ Net income for $2025$ was $$71,000,$ and dividends declared were $$29,000.$ Prepare the company's statement of retained earnings for the year ended December $31,2025.($Enter any current period increases in retained earnings prior to the subtotal, and enter any current period decreases to retained earnings below the subtotal.$)$

Sweet Stuff Bakery, Inc.

Statement of Retained Earnings

Year Ended December $31,2025$