Given the following information for the Maple Tree Co.for the year ended December 31,2014,prepare a Statement of Retained Earnings. 
Definitions:
Ordinary Simple Interest
A method for calculating the interest charge on a loan or investment based on the original principal, rate, and length of time, without compounding.
360-Day Year
A financial calculation assumption where the year is considered to have 360 days for simplifying interest related calculations.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.
360-Day Year
An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.
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