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Question 7 of 8 0.67/1 ! Partial adjusted trial balance for Blossom Company at December 31, 2022, includes the following accounts: Retained Earnings $16,500,

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Question 7 of 8 0.67/1 ! Partial adjusted trial balance for Blossom Company at December 31, 2022, includes the following accounts: Retained Earnings $16,500, Dividends $4,600, Service Revenue $38,700, Salaries and Wages Expense $13,600, Insurance Expense $1,760, Rent Expense $3,890, Supplies Expense $1,560, and Depreciation Expense $830. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $17.660. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 Add Net Income/(Loss) Less Dividends 16,500 17,060 33,560 4.6000 Retained Earnings, December 31 28,960

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