Required information The following information applies to the questions displayed below) South Fitness, Incorporated, reported the following information for the six-month period ended June 29, 2019. Items are listed alphabetically and are in thousands of dollars. Accounts Payable $ 1,028,700 Accounts Receivable 594, eee Advertising Expense 70,000 Csh (January 1, 2019) 1,384, eee Csh (June 29, 2019) 1,070, eee Common Stock 1,525,000 Dividends 310,000 Equipment 3,066,000 Income Tax Expense 79,000 Inventory 649,000 Notes Payable 348,300 Office Expense 657,000 Operating Expenses 694,000 Retained Earnings (January 1, 2019) 2,726,000 Sales Revenue 1,730,000 Supplies 169,000 Other cash flow information: Cash received from issuing common stock $ 58,000 Cash paid to purchase equipment 530,000 Cash paid to suppliers and employees 1,432,000 Cash received from customers 1,716,000 Cash received from sale of long-term assets 184,000 Dividends paid to stockholders 310,000 2. Prepare a statement of retained earnings for the six months ended June 29, 2019. SOUTH FITNESS, Incorporated Statement of Retained Earnings (in thousands) Retained Earnings, January 1, 2019 Retained Earnings, June 29, 2019