Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods

Question:

Given the following information for Smashville, Inc., construct an income statement for the year:
Cost of goods sold: .......... $149,000
Investment income: .......... $1,900
Net sales: .............. $294,000
Operating expense: .......... $62,000
Interest expense: ........... $6,200
Dividends: ............ $4,300
Tax rate: ............. 35%
What are retained earnings for the year?