Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Debit Credit $ 50 12 104 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Supplies Expense Totals 107 $233 $ 233 Other data not yet recorded at December 31: a. Insurance expired during the year, $6. b. Depreciation expense for the year, $5. C. Salaries and wages payable, $8. d. Income tax expense, $10. Other data not yet recorded at December 31: a. Insurance expired during the year, $6. b. Depreciation expense for the year, $5. C. Salaries and wages payable, $8. d. Income tax expense, $10. E4-17 Part 2 Required: Using the above adjusted balances, prepare a statement of retained earnings. (Enter your answers in thousands of dollars.) MINT CLEANING INC. Statement of Retained Earnings (in thousands of dollars) Beginning Balance Ending Balance