Pharoah 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 company's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance, Accounts Payable $ 55,000 35 800 Accounts Receivable Accumulated Depreciation-Equipment Cash 142.800 16.800 Common Stock 73.500 Cost of Goods Sold 1,280,640 Freight-Out 13,570 Equipment 333,890 Depreciation Expense 29,100 Dividends 25.200 Gain on Disposal of Plant Assets 4.200 Income Tax Expense 21.000 Insurance Expense 18.900 Interest Expense 10,500 Inventory 54,700 Notes Payable 91.350 Prepaid Insurance 12,600 Advertising Expense 70,350 Rent Expense 71.400 29.500 Retained Earnings Salaries and Wages Expense 249.200 Sales Revenue 1.898.000 Salaries and Wages Payable 12,600 Sales Returns and Allowances 42.000 Utilities Expense 21,300 Prepare a retained earnings statement(List items that increase retained earnings first.) PHAROAH DEPARTMENT STORE Retained Earnings Statement For the Year Ended November 30, 2022 Retained Earnings, December 1, 2021 Add Net Income /(Loss) LES Dividends Retained Earnings, November 30, 2022