Statement of Stockholders' Equity - One (1) question (This problem does NOT build on the preceding problem, the numbers in the Adjusted Trial Balance are different.)

Instructions: Please prepare a Statement of Stockholders' Equity on your scratch paper based on the following Partial Adjusted Trial Balance and Additional Information below.

Question: What is the ending balance as of 12/31 for the Retained Earnings Account column as shown on the Statement of Stockholders Equity you prepared on your scratch paper?

Partial Adjusted Trial Balance
As of 12/31/20xx
Accounts	Debit	Credit
Cash	$15,400
Prepaid Rent	5,300
Supplies	4,200
Building	18,200
Accumulated Depreciation		$4,294
Accounts Payable		1,100
Interest Payable		1,800
Common Stock		2,100
Retained Earnings		18,600
Dividends	2,294
Service Revenue		22,400
Rent Expense	900
Supplies Expense	3,000
Utility Expense	1,000
Depreciation Expense	4,000

Additional Information:

• Beginning Balance of Common Stock on 1/1/20xx $2,100
• Beginning Balance of Retained Earnings on 1/1/20xx $18,600
• No new stock issued during the accounting period.
• Hint: Please remember the formula for retained earnings when preparing this statement.