I can not seem to answer this problem correctly on preparing the statement of retained earnings. Any help would be much appreciated!

0 Income Statement Month Ended December 31, 2016 (340) Revenirs (341) Service oevenue (342) Exponses (343) salanes expense (344) rent expense 19.650 (345) 402 (346) toxunse |(347) Depreciation expense trick (348) Insurance cense (349) tota expenses Net Income (LOSS) 250 Yaz 15.500 Prepare the statement of retained earnings. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Enter a "O" for any zero balances. Use a minus sign or parentheses to show a decrease in retained earnings.) Review the Adjusted Trial Balance completed in Requirement 5. (shows how retained earnings chan due to net income or loss dividen Morning Delivery Service Statement of Retained Earnings Month Ended December 31, 2016 Retained Earnings, December 1, 2016 (350) SOLDES Tevenues - expenses (351) Retained Earnings, December 31, 2016 = Net Income Prepare Morning Delivery Service's classified balance sheet on December 31, 2016. (Exclude any zero balance accounts from the balance sheet.) Review the Adjusted Trial Balance completed in Requirements Idea p/itemprod personemp.com/api/vi/print/accounting Reg 3 Chapter 4 Homework: Assignment over Chap Morning Delivery Service Unadjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit (191) Cash 19.850 (192) accounts Receivable 1,400 (193) office supplies 8001 (194) Prepaid insurance 750 L (195) thice 17.000 | (196) (ne L400 (197) common stock 25,000 (198) Dividends. (199) service revenue 18,200 (200) salaries expense 70D (201) fuel expense YOD |(202) rent expense 1,300 44.cech) 44,600 Total Requirement 4. Journalize the adjusting entries using the adjustment data. Po Begin by preparing the adjusting entries. (Record debits first, then credits. Exc a. Accrued Salaries Expense, $700. Date Accounts Morning Delivery Service Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit (323) Cosho 19.850 .00 (324) accounts hereivable B350TL (325) Office su bolies DISO (326) prepaid linsurance SDD (327) truck 14.000 (328) GCCUMA lo k DP - CIC || 850 (329) Salaries pawabiell0 L (330) unearned revenue (331) Common stock 25,000 (332) Dividends 2400 (333) service revenue ASO (334) salaries expense 1.400 (335) Debrer Expense- truck 250 (336) insurance expense 250 (337) fuel expense 400 (338) Rent expense J 1.300 (339) supplies expense Total 41050046. 0 LPS Requirement 6. Prepare Morning Delivery Service's income statement and statement of ended December 31, 2016, and the classified balance sheet on that date. On the income decreasing order by amount that is, the largest expense first, the smallest expense last Begin by preparing the income statement. List expenses in decreasing order by amount- the smallest expense last. Review the Adjusted Trial Balance completed in Requirement 5. DE 300 bulan OS det bara 119.750 Morning Delivery Service Income Statement Month Ended December 31, 2016 (340) Revenues (341) Service Revenue (342) Exoenses |(343) salaries expense 1,400 (344) rent expense 1,300 (345) Supplies expense (346) fuel expense 400 |(347) Depreciation expense - truck 250 (348) Insurance expense 250 (349) total expenses Net Income (Loss) yaso 15.500 Prepare the statement of retained earnings. Enter any increases in retained earnings prior to th decreases to retained earnings below the subtotal. (Enter a "0" for any zero balances. Use am show a decrease in retained earnings.) (shows how net I due to not in Review the Adjusted Trial Balance completed in Requirement 5. Morning Delivery Service Statement of Retained Earnings Month Ended December 31, 2016 Retained Earnings, December 1, 2016 |(350) MSDS