6 of 6 < 1.67/5 : Whispering Winds Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2022, its accounting records included the following accounts and adjusted balances. Accounts Payable $31,624 Accounts Receivable 20,296 Accumulated Depreciation-Equipment 80,240 Advertising Expense 39,530 Cash 9,440 Common Stock 41,300 Cost of Goods Sold 724,874 Freight-Out 7,316 Equipment 185,260 Depreciation Expense 15,930 Question 6 of 6 < > Dividends 14,160 Gain on Disposal of Plant Assets 2,360 Income Tax Expense 11,800 Insurance Expense 10,620 Interest Expense 5,900 Inventory 30,916 Notes Payable 51,330 Prepaid Insurance 7,080 Rent Expense 40,120 Retained Earnings 16,756 Salaries and Wages Expense 138,060 Salaries and Wages Payable 7,080 Sales Returns and Allowances 23,600 1.67 Question 6 of 6 < > Sales Returns and Allowances Sales Revenue Utilities Expense 23,600 1,066,720 12,508 Additional data: Notes payable are due in 2026. Question 6 of 6 < > Prepare a retained earnings statement. (List items that increase retained earnings first.) WHISPERING WINDS DEPARTMENT STORE Retained Earnings Statement v EA $