1. Cash 150,000,000

Common stock 150,000,000

1. Prepaid Insurance 132,000

Cash 132,000

1. Prepaid rent 150,000

Cash 150,000

1. Equipment 42,000

Cash 42,000

1. Supplies 35,750

Accounts payable 35,750

1. Depreciation expense 15000

Accumulated depreciation 15000

1. Supplies expense 1290

Supplies 1290

1. 550,000

Note payable 550,000

1. Cash 1050

Trademark 1050

1. Long term investment 272,50

Accounts payable 272,50

1. Prepaid rent 1,260,000

Accounts payable 1,260,000

1. Prepaid Advertisment 3,000

Accounts payable 3,000

1. Retained earnings 4,340

Dividends payable 4,340

1. Accounts receivable 126,000

Comission expense 14,000

Comission revenue 140,000

1. Salaries and wages expence 12,450

Salaries payable 12,450

Please help with a statement of retained earnings, net income is 97,260 and total expenses are 42,740, and total revenue is 140,000 (from income statement)