Great Eatery Inc. has a July 31 year end. Retained earnings at July 31, 2022 had a credit balance of $58,600. During the 2023 fiscal year, net income was $20,800 and dividends of $14,100 were declared and paid. During the 2024 fiscal year, Great Eatery Inc. had a net loss of $16,600 and dividends of $9,500 were declared but not yet paid. Prepare statements of retained earnings for Great Eatery Inc. as at July 31, 2023 and July 31, 2024.
