How exactly do you do retained earnings for an income statement?

Maurice's Bowling Alley
Adjusted Trial Balance
December 31, 2024
	Balance
Account Title	Debit	Credit
Cash	$20,500
Accounts Receivable	3,500
Office Supplies	1,050
Prepaid Insurance	3,100
Land	5,000
Building	115,000
Accumulated DepreciationBuilding		$5,000
Equipment	44,000
Accumulated DepreciationEquipment		17,000
Accounts Payable		3,400
Utilities Payable		575
Salaries Payable		3,300
Unearned Revenue		2,100
Common Stock		102,000
Retained Earnings		44,525
Dividends	33,000
Service Revenue		125,000
Insurance Expense	27,000
Salaries Expense	29,000
Supplies Expense	1,200
Utilities Expense	16,000
Depreciation ExpenseEquipment	4,000
Depreciation ExpenseBuilding	550
Total	$302,900	$302,900

Homework: Homework CH 4 Score: 5.97 of 20 pts 13 x) EF4-25 (similar to) Maurice's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented below: (Click the icon to view the adjusted trial balance.) Read the requirements. Dec. JI THCUTTU JUTTY Clos. (2) Insurance Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Depreciation ExpenseBuilding 27,000 29,000 1,200 16,000 4,000 550 To close expenses Close Income Summary Date Accounts and Explanation Debit Credit Dec. 31 Clos. (3) To close Income Summary Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining