Shamrock Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2021. The following information has been taken from the adjusted trial balance: Accounts payable $23,000 Interest expense $4,900 Cash dividends-common 64,000 Notes payable 116,000 Common shares 210,000 Retained earnings (Aug. 1, 2020) 308,100 Cost of goods sold 314,500 Salaries expense 129,500 Dividends payable 14,300 Sales 673,500 Income tax expense 32,500 Supplies expense 11,000 Income tax payable 4,000 Unearned revenue 12,000 All accounts have normal balances and total assets equal $804,500. Shamrock has a 20% income tax rate. (a) - Your answer is partially correct. Prepare a statement of retained earnings. (List items that increase retained earnings first.)