Prepare a retained earnings statement for May assuming the following data are not included above: (1) $950 worth of services were performed and billed but not collected at May 31, and (2) $1,150 of gasoline expense was incurred but not paid. (List Items that increase retained earnings first.) Sunland Company Retained Earnings Statement On May 1, Sunland Company, a company that provides flying lessons, was started by using common stock in exchange for cash of $45,350. Following are the assets and liabilities of the company on May 31, 2022, and the revenues and expenses for the month of May. Cash $5,000 Notes Payable $28,000 Accounts Receivable 7,750 Rent Expense 1,200 Equipment 64,350 Maintenance and Repairs Expense 650 Service Revenue 7,150 Gasoline Expense 2.200 Advertising Expense 850 Utilities Expense 100 Accounts Payable 1,750