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Presented below is information related to Williams and Douglas, Attorneys at Law Ltd.
| Retained earnings, January 1, 2017 | | 34,273 |
| Legal service revenue2017 | | 340,490 |
| Total expenses2017 | | 211,799 |
| Assets, January 1, 2017 | | 90,777 |
| Liabilities, January 1, 2017 | | 56,504 |
| Assets, December 31, 2017 | | 163,652 |
| Liabilities, December 31, 2017 | | 109,378 |
| Dividends2017 | | 108,690 |
Prepare the 2017 retained earnings statement for William and Douglas, Attorneys at Law Ltd. (List items that increase retained earnings first.)
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