Prepare balance sheet.

WINDSOR DESIGN
Statement of Retained Earnings
For the year ended December 31,2025
Beginning Retained Earnings	$3,985
Add: Net income	$32,646
Ending Retained Earnings Balance	$36,631

Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Debit $11,485 21,985 5,485 2,985 60,485 11,785 1,006 548 8,600 3,400 4,000 $131,764 Credit $35,485 5,485 198 6,600 6,085 1,456 10,485 3,985 61,985 $131,764