BE3.11 (LO 4) The adjusted trial balance of Kwun Photos at December 31, 2025, includes the following accounts: Share Capital-Ordinary 16,400, Dividends 7,000, Service Revenue 39,000, Salaries and Wages Expense 16,000, Insurance Expense 2,000, Rent Expense 4,000, Supplies Expense 01,500, and Depreciation Expense 1,300. Prepare an income statement for the year (amounts in thousands). Prepare a retained earnings statement from an adjusted trial balance.

BE3.11 (LO 4) The adjusted trial balance of Kwun Photos at December 31, 2025, includes the following accounts: Share Capital-Ordinary 16,400, Dividends 7,000, Service Revenue 39,000, Salaries and Wages Expense 16,000, Insurance Expense 2,000, Rent Expense 4,000, Supplies Expense 1,500, and Depreciation Expense 1,300 . Prepare an income statement for the year (amounts in thousands). Prepare a retained earnings statement from an adjusted trial balance