P 27-7A (LO1/3) 2. Retained Earnings, Dec. 31: $99,095 FINANCIAL STATEMENTS The adjusted trial balance columns of Braiden Com- pany's spreadsheet are shown on the next page. Additional information needed to prepare the financial statements is as follows: Materials inventory, January 1 $ 4,140 Work in process inventory, January 1 5,730 Finished goods inventory, January 1 16,535 Estimated returns inventory, January 1, remaining balance 55 Materials purchases 136,665 Direct labor 76,000 Actual factory overhead 92,500 Indirect materials charged to production 5,400 (continued)