Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.

Accounts Payable $ 149,000 Accounts Receivable 19,000 Cash (balance on September 1, 2014) 79,000 Cash (balance on August 31, 2015) 90,000 Common Stock 100,000 Dividends 14,000 Equipment 759,000 Notes Payable 34,000 Office Expenses 115,000 Prepaid Rent 54,000 Retained Earnings (beginning) 414,000 Salaries and Wages Expense 975,000 Salaries and Wages Payable 174,000 Sales Revenue 1,738,000 Supplies 33,000 Utilities Expense 550,000

Other cash flow information: Additional investments by stockholders $ 36,000 Cash paid to purchase equipment 44,000 Cash paid to suppliers and employees 1,498,000 Repayments of borrowings 159,000 Cash received from customers 1,681,000 Cash received from borrowings 9,000 Dividends paid in cash 14,000

3.00 polnts 2. Prepare a statement of retained earnings for the fiscal year ended August 31, 2015! CHEESE FACTORY INCORPORATED Statement of Retained Earnings Retained Earnings, Beginning 1 Retained Earnings, Ending