Retained earnings portion of the statement of changed in shareholder's equity. The following information is for Dana's Rock Shop.
1. Retained earnings on January 1, 2009 were $125,000
2. In January, revenues were $70,000 and expenses were $55,000.
3. In February, revenues were $50,000 and expenses were $40,000.
4. In March, revenues were $80,000 and expenses were $65,000.
5. The only dividends paid were in March for $5,000.
Required
Prepare the retained earnings portion of the statement of changes in shareholder's equity for the three months ended March 2009, for Dana's Rock Shop.