Blossom 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 companys fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance.

Accounts Payable $ 13,400

Accounts Receivable 8,600

Accumulated DepreciationEquipment 34,000

Cash 4,000

Common Stock 17,500

Cost of Goods Sold 304,980

Freight-Out 3,150

Equipment 79,730

Depreciation Expense 6,700

Dividends 6,000

Gain on Disposal of Plant Assets 1,000

Income Tax Expense 5,000

Insurance Expense 4,500

Interest Expense 2,500

Inventory 13,100

Notes Payable 21,750

Prepaid Insurance 3,000

Advertising Expense 16,750

Rent Expense 17,000

Retained Earnings 7,100

Salaries and Wages Expense 59,440

Sales Revenue 452,000

Salaries and Wages Payable 3,000

Sales Returns and Allowances 10,000

Utilities Expense 5,300

BLOSSOM DEPARTMENT STORE Retained Earnings Statement NEEDEDDD********