Ch. 3 Homework eBook Dividends 10,900 Service Revenue 100,000 Salaries Expense 49,400 Rent Expense 17,250 Insurance Expense 2,200 Depreciation Expense 4,950 Income Taxes Expense 5,400 Totals $145,380 $145,380 Required: Prepare a retained earnings statement for Sparrow for 2019. Sparrow Company Retained Earnings Statement For the Year Ended December 31, 2019 Check My Work 3 more Check My Work uses remaining, Ch. 3 Homework eBook Cornerstone Exercise 3-25 (Algorithmic) Preparing a Retained Earnings Statement Sparrow Company had the following adjusted trial balance at December 31, 2019. Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated Depreciation, Equipment $24,000 Accounts Payable 2,800 Salaries Payable 4,450 Unearned Service Revenue 3,875 Common Stock 8,000 Retained Earnings 2,255 Dividends 10,900 Service Revenue 100,000 Check My Work 3 more Check My Work uses remaining