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I need help with the retained earnings statement. Here is a link to a question I asked earlier that shows the previous work I've done

I need help with the retained earnings statement. Here is a link to a question I asked earlier that shows the previous work I've done in case you need to reference it. Thank you.

Link:https://www.chegg.com/homework-help/questions-and-answers/december-1-2017-prosen-distributing-company-following-account-balances-need-help-income-st-q38971459?trackid=x8pbbnOh

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Comprehensive Problem 5 (Part Level Submission) On December 1, 2017, Prosen Distributing Company had the following account balances. Debit Credit Cash $7,000 Accumulated Depreciation-Equipment $2,310 Accounts Receivable 4,800 Accounts Payable 4,900 Inventory 11,600 Salaries and Wages Payable 1,100 Supplies 1,500 Common Stock 30,000 Retained Earnings Equipment 23,100 9,690 $48,000 $48,000 During December, the company completed the following summary transactions. Dec. 6 Paid $1,750 for salaries and wages due employees, of which $650 is for December and $1,100 is for November salaries and wages payable. 8 Received $2,000 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,800. The cost of the merchandise sold was $4,200. Purchased merchandise on account from Maglio Co. $9,000, terms 2/10, n/30. 13 15 Purchased supplies for cash $1,800. Sold merchandise on account $12,900, terms 3/10, n/30. The cost of the merchandise sold was $8,200. 18 20 Paid salaries and wages $1,900. Paid Maglio Co. in full, less discount 23 27 Received collections in full, less discounts, from customers billed on December 18. Your answer is correct. Prepare an income statement. PROSEN DISTRIBUTING COMPANY Income Statement For the Month Ending December 31, 2017 Sales Revenues 19,700 Less Sales Discounts 387 Sales 19,313 Cost of Goods Sold 12,400 Gross Profit 6,913 Operating Expenses Salaries and Wages Exp 3,050 Depreciation Expense 210 Supplies Expense 1,800 5,060 1,853 Net Income/ (Loss) (e2) Your answer is partially correct. Try again Prepare a retained earnings statement for December PROSEN DISTRIBUTING COMPANY Retained Earnings Statement For the Month Ending December 31, 2017 Retained Earnings, December 1 Net Income/ (Loss) Add 1,853 Retained Earnings, December 31 1,853

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