Prepare the statement of retained earnings of Centerpiece Arrangements for the year ended December 31, 2018.
Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business:

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Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Salaries Expense $ 4,500 Accounts Payable Office Supplies Dividends Accounts Receivable $ 46,000 70,000 1,400 16,000 9,000 17,600 1,700 4,800 8,000 12,100 Cash 7,200 Equipment 5,100 Retained Earnings, January 1, 2018