After the success of the company's first two months, Santana Rey continues to operate Business S unadjusted trial balance of Business Solutions $($reflecting its transactions for October and Novemb

Business Solutions had the following transactions and events in December $2021.$

December $2$ Paid $$1,025$ cash to Hillside Mall for Business Solutions's share of mall advertising costs.

becember $3$ paid $$5$ cash for minor repairs to the company's computer.

vecember $4$ Received $$3,95$ cash from Alex's Engineering Company for the receivable from November.

December $16$ Paid cash to lyn Addie for six days of work at the rate of $$125$ per day.

December $14$ Notified by Alex's Engineering Company that Business Solutions's bid of $$7,$ on a proposed project has been accepted. Alex's paid a $$1,560$ cash advance to Business Solutions.

Decamber is purchased $$1,180$ of computer supplies on credit from Harris office Products.

Decenber $16$ Sent a reminder to Gomez Company to pay the fee for services recorded on November $8.$

December $20$ Completed a project for Liu Corporation and recelved $$5,625$ cash.

December $22-26,$ Took the week off for the holidays.

December $28$ Received $$3,06$ cash from Gomez Company on its receivable.

December $29$ Reimbursed $$.$ Rey for business automobile mileage $(6$ e miles at $$0,32$ per mile$).$

Decenber $31$ Paid $$1,506$ cash for dividends.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months.

a$.$ The December $31$ inventory count of computer supplies shows $$580$ still avallable.

b$.$ Three months have explred since the $12-$month insurance premium was pald in advance.

c$.$ As of December $31,$ Lyn Addie has not been paid for four days of work at $$125$ per day.

d$.$ The computer system, acquired on October $1,$ Is expected to have a four$-$year life with no salvage value.

e$.$ The office equipment, acquired on October $1,$ is expected to have a five$-$year life with no salvage value.

Three of the four months' prepald rent have expired.

Prepare a statement of retained earnings for the three months ended December $31,2021.$

$\backslash$table$[[$BUSINESS SOLUTIONS$],[$Statement of Retained Earnings$],[$For Three Months Ended December $31,2021,],[$Retained earnings, October $1,2021,],[,],[$Retained earnings, December $31\mathrm{.}2021,]]$