Blossom Department Store is tocated 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 company's fiscal year on November $30,2025,$ these accounts appeared in its adjusted trial balance.

Accounts Payable

Accounts Receivable

Accumulated Depreciation$-$Equipment $,34,000$

Cash

Common Stock

Cost of Goods Sold

Freight$-$Out

Equipment

Depreciation Expense

Dividends

Gain on Disposal of Plant Assets

Income Tax Expense

Insurance Expense

Interest Expense

Inventory

Notes Payable

Prepaid Insurance

Advertising Expense

Rent Expense

Retained Earnings

Salaries and Wages Expense

Salaries and Wages Payable

Sales Returns and Allowances

Sales Revenue

Utilities Expense

$$13,400$

$8,600$

$34,000$

$4,000$

$17,500$

$287,300$

$3,150$

$110,000$

$6,700$

$6,000$

$1,000$

$5,000$

$4,500$

$2,500$

$13,100$

$21,750$

$3,000$

$16,750$

$17,000$

$19,690$

$59,440$

$3,000$

$10,000$

$452,000$

$5,300$

Additional data: Notes payable are due in $2029.$

Prepare a retained earnings statement. $($List items that increase retained earnings first.$)$

BLOSSOM DEPARTMENT STORE Retained Earnings Statement

$

$7$