Please complete the following income statement and retained earnings statement given the correct information above.

Cullumber Corporation's trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below. Paid-in Capital in Excess of Par-Preferred Stock 0 Common Stock (\$10 par) 38,400 Paid-in Capital in Excess of Par-Common Stock 7,680 Retained Earnings 96,064 Treasury Stock 0 Cash Dividends 0 Sales Revenue 729,600 Rent Revenue 0 Bad Debt Expense 0 Interest Expense 0 Cost of Goods Sold 512,000 Depreciation Expense 0 Other Operating Expenses 49,920 Salaries and Wages Expense Total $1,028,096$1,028,096 Unrecorded transactions and adjustments: 1. On January 1, 2022, Cullumber issued 1,280 shares of $20 par, 6\% preferred stock for $28,160. 2. On January 1, 2022, Cullumber also issued 1,280 shares of common stock for $29,440. 3. Cullumber reacquired 384 shares of its common stock on July 1,2022 , for $49 per share. 4. On December 31, 2022, Cullumber declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15,2023. 5. Cullumber estimates that uncollectible accounts receivable at year-end are $6,528. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $6,400. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $5,120. 8. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1,2022 through January 31, 2023). 9. The 10% bonds payable pay interest every January 1 . The interest for the 12 months ended December 31,2022 , has not been paid or recorded. (Ignore income taxes.) Prepare an updated December 31, 2022, trial balance, reflecting the journal entries in part(a). CULLUMBER CORPORATION Adjusted Trial Balance December 31, 2022 Debit Credit Cash $71424 Accounts Receivable 65280 Inventory 29056 Land 83200 Buildings 121600 Equipment 51200 Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable Interest Payable 6400 Dividends Payable 8640 Unearned Rent Revenue 2560 Bonds Payable 64000 Preferred Stock 25600 Paid-in Capital in Excess of Par-Preferred Stock 2560 Common Stock 51200 Paid-in Capital in Excess of Par-Common Stock Raid-in Capital in Excess of Par-Common Stock, 24320 Retained Earnings 96064 Treasury Stock 18816 Cash Dividends 8640 Sales Revenue 729600 Rent Revenue Bad Debt Expense 5952 Interest Expense 6400 Cost of Goods Sold 512000 Depreciation Expense 8448 Other Operating Expenses 49920 Salaries and Wages Expense 83200 $ 1115136 $ 1115136 CULLUMBER CORPORATION Income Statement $ $ Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earning first.)