Geox S.p.A. is an Italy-based company active in the footwear and apparel manufacturing industry, which includes classic, casual, and sports footwear, as well as apparel for men, women, and children. The company's products are sold in more than 70 countries worldwide through a widespread distribution network. The following is a list of accounts and amounts reported in the company's financial statements for 2008. The accounts have normal debit or credit balances and their balances are rounded to the nearest thousand. Geox's fiscal year ends on December 31.

Required:
Prepare an adjusted trial balance at December 31, 2008. How did you determine the amount for retained earnings?

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Accounts payable $149,206 Income tax expense 52,900 Property, plant, and Accounts receivable 124,594 Income taxes payable 17,246 equipmen: 78,020 Advertising and Intangibles 78,231 Provisions for liabilities and promotion expense 66,917 Inventories 228,764 charges 7,214 Cash 68,672 Long-term loans 27,410 Retained earnings ? Cost of salos 424,461 Other assets 60,171 Sales revenue 892,513 Financial assets 18,643 Other current liabilities. 23,427 Salling and distribution. General and Other non-current liabilities 5,122 expenses 43,248 administrative expenses 187,397 Share capital 25,920