Required Information [The following Information applies to the questions displayed below.] Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries and Mages Payable Tax Payable Income Common Stock Retained Earnings Sales Rev Revenue Insurance Expense Salaries and Mages Expense Supplies Expense Income Tax Expense Totals Debit Credit $ 56 5 8 116 8 28 44 | 111 12 $ 257 $ 257 Other data not yet recorded at December 31: a. Insurance expired during the year, $6. b. Depreciation expense for the year, $5. c. Salaries and wages payable, $8. d. Income tax expense, $10. Required: Using the adjusted balances, prepare a statement of retained earnings for the year ended December 31. (Enter your answers In thousands of dollars.) MINT CLEANING INCORPORATED Statement of Retained Earnings (In thousands of dollars) Beginning Balance Ending Balance