b$.$ Prepare Picture Perfect Photography's statement of retained earnings for the year ended December $31,2024.$

Retained Earnings; December $31,2023$

Retained Earnings, December $31,2024$

Data table

$\backslash$table$[[$Insurance Expense,$$,6,000,$Accounts Receivable,$$,13,000],[$Cash$,,42,000,$Notes Payable,,$14,000],[$Accounts Payable,,$11,000,$Retained Earnings, Dec. $31,2024,,?],[$Advertising Expense,,$4,000,$Salaries Expense,,$25,000],[$Service Revenue,,$75,000,$Equipment,,$46,000],[$Dividends$,s,8,000,$Common Stock,,$28,000]]$