Best Deal Auto Parts Began Year 1 with $400,000 in Assets,$140,000

Best Deal Auto Parts began Year 1 with $400,000 in assets,$140,000 in liabilities,and $160,000 of retained earnings.Net income for the year was $100,000,and dividends of $80,000 were paid.
A) Prepare a statement of retained earnings for Year 1.
B) What is the nature or purpose of the statement of retained earnings?
C) What was the amount of common shares at the bepining of Year 1?
D) What events would cause the two shareholders' equity items to increase?
E) How do you identify whether the company was profitable during Year 1 by exarnining the statement of retained earnings?