Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2015, Retained Earnings had a balance of $918,000. During the year, no additional common stock was issued, and $15,000 of...

Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2015, Retained Earnings had a balance of $918,000. During the year, no additional common stock was issued, and $15,000 of dividends were paid. For the year ended December 31, 2015, Grab Bag Delivery Services reported a net loss of $43,500. Prepare a retained earnings statement for the year ended December 31, 2015.