Instructions Prepare the 2014 retained earnings statement for Jose Barbosac Inc. E1-4B The following items and amounts were taken from Ricardo Inc.'s 2014 income statement and balance sheet. Cash $ 84,700 Inventory $ 64,618 Retained earnings 123,192 Accounts receivable 88,419 Cost of goods sold 483,854 Saks revenue 693,485 Salaries and wars expense 125,000 Income taxes payable 6,499 Prepaid insurance 7.818 Accounts payable 49,384 Service revenue 8,998 Interest expense 994 Instructions Prepare an income statement for Ricardo Inc. (or the year ended December 31, 2014