Dolhune Company has a balance of $20,000 in Retained Earnings as of January 1, 2017. For the year ended December 31, 2017, Dolhune had a net loss of $16,400. $3,000 was declared and paid in dividends for the year. Prepare the Statement of Retained Earnings for the year ended December 31, 2017. Include a proper heading.
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