Pharoah Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2021 year end: Earned $551,500 of service revenue and incurred $464,000 of operating expenses. Interest expense was $2,700. On October 5, 2020, paid $49,600 of dividends that had been declared on September 25, 2020. On September 28, 2021, declared $40,400 of dividends payable on October 8, 2021. Retained earnings on September 30, 2020, were $227,000 Issued common shares for $22,900 cash on July 2, 2021. Prepare a statement of retained earnings. (List items that increase retained earnings first.) PHAROAH LTD. Statement of Retained Earnings $ $ ta