CraneDepartment Store is located 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, 2022, these accounts appeared in its adjusted trial balance.Accounts Payable$73,200Accounts Receivable47,700Accumulated DepreciationEquipment190,400Cash22,400Common Stock98,000Cost of Goods Sold1,707,750Freight-Out18,230Equipment445,100Depreciation Expense38,900Dividends33,600Gain on Disposal of Plant Assets5,600Income Tax Expense28,000Insurance Expense25,200Interest Expense14,000Inventory72,900Notes Payable121,800Prepaid Insurance16,800Advertising Expense93,800Rent Expense95,200Retained Earnings39,300Salaries and Wages Expense332,220Sales Revenue2,531,000Salaries and Wages Payable16,800Sales Returns and Allowances56,000Utilities Expense28,300Additional data: Notes payable are due in 2026.

new) Question 2 of 4 0.91 / 5 (a2) Prepare a retained earnings statement. (List items that increase retained earnings first.) CRANE DEPARTMENT STORE Retained Earnings Statement 5 eTextbook and Media List of Accounts Attempts. 0 of 51