Show transcribed image text Brantly, Inc. had beginning retained earnings of S115,000 on January 1,

Show transcribed image text Brantly, Inc. had beginning retained earnings of S115,000 on January 1, 2014. During the year, Brantly declared and paid $55,000 of cash dividends and earned $80,000 of net income. Prepare a statement of retained earnings for Brantly, Inc. for the year ending December 31, 2014 (Enter any applicable dates m the following format May 1 2014 following the appropriate account name Check your spelling carefully and do not abbreviate Enter decreases in Retained Earnings with a minus sign or parentheses.)

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