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Hello, I'm having trouble filling out this retained earnings statement. Is there any way you could explain as well how you got the answers? If not, completely understandable and thank you for your help! :)

Instructions Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2018, Retained Earnings had a balance of $918,000 During the year, no additional common stock was issued, and $15,000 of dividends were paid. For the year ended December 31, 2018 Grab Bag Delivery reported a net loss of $43,500 Prepare a retained earnings statement for the year ended December 31, 2018. If a net loss is incurred or dividends were paid enter that amount as a negative number using a minus sign Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Labels and Amount Descriptions x Bla 6 18, Ea December 31, 2018 For the Year Ended December 31, 2018 kwa $1 ag D For the Year Ended January 1, 2018 rer January 1, 2018 Amount Descriptions Pri Additional investment during 2018 a ne ind Change in retained earnings minu to choic Dividends en Retained earnings, January 1, 2018 Retained earnings, December 31, 2018 Net income Net loss Retained Earnings Statement Shaded cells have feedback. X Retained Earnings Statement (Label) 1 Retained earnings, January 1, 2018 $918,0 2 Net loss $43,500.00 3 Dividends 15,000.00 4 Change in retained earnings 58,5 5 Retained earnings, December 31, 2018 $859,5 Shaded cells have feedback Retained Earnings Statement Retained Earnings Statement (Label) ained earnings, January 1, 2018 $918,000.00 loss $43,500.00 dends 15,000.00 nge in retained earnings 58,500.00 ained earnings, December 31, 2018 $859,500.00 Points: 0 8:04 / 11

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