Oriole Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the companys fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance.

Accounts Payable		$ 23,800
Accounts Receivable		15,400
Accumulated DepreciationEquipment		61,200
Cash		7,200
Common Stock		31,500
Cost of Goods Sold		549,240
Freight-Out		5,890
Equipment		143,290
Depreciation Expense		12,300
Dividends		10,800
Gain on Disposal of Plant Assets		1,800
Income Tax Expense		9,000
Insurance Expense		8,100
Interest Expense		4,500
Inventory		23,500
Notes Payable		39,150
Prepaid Insurance		5,400
Advertising Expense		30,150
Rent Expense		30,600
Retained Earnings		12,700
Salaries and Wages Expense		106,880
Sales Revenue		814,000
Salaries and Wages Payable		5,400
Sales Returns and Allowances		18,000
Utilities Expense		9,300

Additional data: Notes payable are due in 2026.

Prepare a retained earnings statement. (List items that increase retained earnings first.)

ORIOLE DEPARTMENT STORE Retained Earnings Statement choose the accounting period November 30, 2022For the Year Ended November 30, 2022For the Month Ended November 30, 2022
select an opening name DividendsExpensesNet Income / (Loss)Retained Earnings, December 1, 2021Retained Earnings, November 30, 2022Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes		$enter a dollar amount
select between addition and deduction AddLess: select an item DividendsExpensesNet Income / (Loss)Retained Earnings, December 1, 2021Retained Earnings, November 30, 2022Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes		enter a dollar amount
		enter a subtotal of the two previous amounts
select between addition and deduction AddLess: select an item DividendsExpensesNet Income / (Loss)Retained Earnings, December 1, 2021Retained Earnings, November 30, 2022Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes		enter a dollar amount
select a closing name DividendsExpensesNet Income / (Loss)Retained Earnings, December 1, 2021Retained Earnings, November 30, 2022Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes		$enter a total amount