The Retained Earnings, Dividends, and Income Summary accounts for Lou’s Hair Salon, Inc., are shown in T account form below. The closing entries have been recorded for the year ended December 31, 20x6. Prepare a statement of retained earnings for Lou’s Hair Salon, Inc.

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RETAINED EARNINGS INCOME SUMMARY 12/31/x5 26,000 12/31/x6 43,000 12/31/x6 62,000 12/31/x6 19,000 12/31/x6 19,000 12/31/x6 9,000 Bal. DIVIDENDS 36,000 Bal. 4/1/x6 3,000 12/31/x6 9,000 7/1/x6 3,000 10/1/x6 3,000 Bal.