Merian Company Has Just Completed Operations for the Year Ended

Merian Company has just completed operations for the year ended December 31, 2018. This is the second year of operations for the company. The following data have been assembled for the business at December 31, 2018.
$$\begin{array} { | l | r | r | r | } \hline \text { Accounts Payable } & \$ 12,200 & \text { Office Expense } & \$ 6,500 \\\hline \text { Accounts Receivable } & 14,500 & \text { Rent Expense } & 9,600 \\\hline \text { Cash } & 8,200 & \text { Retained Earnings, Jan. 1, 2018 } & 8,300 \\\hline \text { Common Stock } & 9,000 & \text { Salaries Expense } & 36,000 \\\hline \text { Dividends } & 13,500 & \text { Service Revenue } & 84,000 \\\hline \text { Equipment } & 15,000 & \text { Utilities Expense } & 6,200 \\\hline \text { Insurance Expense } & 4,000 & & \\\hline\end{array}$$ Prepare the statement of retained earnings for the year. Use a proper heading.