Below is the trial balance for Fortune Corp. as at December $31,2023$ for the year ended on that date.

$\backslash$table$[[,$Debit,Credit$],[$Cash$,5,600,],[$Cost of goods sold,$45,700,],[$Accounts receivable,,$2,400],[$Allowance for doubtful accounts,$11,900,],[$Supplies$,,],[$Salaries expense,$1,600,],[$Sales$,15,700,],[$Property$,$ plant and equipment,,$109,800],[$Accumulated depreciation $-$ PP&E$,185,000,],[$Accounts payable,,$45,000],[$Supplies expense,,$],[$Income tax expense,$6,400,],[$Unearned revenue,,$],[$Land$,,],[$Inventory$,,],[$Depreciation expense,,$],[$Dividends declared,$5,000,],[$Selling expenses,$5,200,],[$Bank loan payable $($due December $31,2028),10,000,],[$Retained earnings $-$ December $31,2022,5,000,],[$Common shares,,$],[$TotALS$,,]]$

Net income was properly calculated as $$20,100$ for the year,

Required:

Calculate retained earnings at December $31,2023.(3$ marks$)$

Prepare a classified statement of financial position at December $31,2023.$ Use a