ment CALATOR FRIRE VERSION BACK Brief Exercise 3-10 The adjusted trial balance of Cullumber Company at December 31, 2020, includes the following accounts Common Stock $16,000, Dividends $7,000, Service Revenue $36.000, Salaries and Wages Expense $15,000, Insurance Expense $1,000, Rent Expense $3,000, Supplies Expense $1,000, and Depreciation Expense $1,000. The balance in Common Stock is the balance as of Manuary 1 Prepare a retained earnings statement for the year assuming net income is $15,000 for the year and Retained Eamings is $7,000 on May 1 (List items that increase owner's equity first.) CES Brief Exercise 3-10 The adjusted trial balance of Cullumber Company at December 31, 2020, includes the fo $15,000, Insurance Expense $1,000, Rent Expense $3,000, Supplies Expense $1,000, a Prepare a retained earnings statement for the year assuming net income is $15,000 for Cullumber Company Retained Earnings Statement December 31, 2020 $ 3 2 deo) deo)