Blue Spruce Company Income Statement For the Year Ended December 31, 2022 Revenues Service Revenue $ 59500 Expenses Salaries and Wages Expense $30500 Depreciation Expense \begin{tabular}{|l|l|} \hline 3100 & i \\ \hline \end{tabular} Insurance Expense \begin{tabular}{|l|l|} \hline 1900 & i \\ \hline \end{tabular} Utilities Expense Maintenance and Repairs Expense Total Expenses Net Income / (Loss) \begin{tabular}{|l|l|} \hline & 1300 \\ \hline \end{tabular} Prepare a retained earnings statement. (List items that increase retained earnings first.) Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings No. 320 Dividends No. 332 Income Summary No. 350 Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No. 711 Insurance Expense No. 722 Salaries and Wages Expense No. 726