$\backslash$table$[[$Prepaid Insurance $.,2,500,,],[$Notes Receivable $($long$-$term$),3,200,,],[$Equipment$,13,000,,],[$Accumulated Depreciation,,,$53,000],[$Accounts Payable,,,$5,620],[$Salaries and Wages Payable,,,$1,100],[$Income Taxes Payable,,,$3,100],[$Deferred Revenue,,,$640],[$Common Stock,,,$2,600],[$Retained Earnings,,,$1,080],[$Dividends$,320,,],[$Sales Revenue,,,$43,830],[$Rent Revenue,,,$320],[$Salaries and Wages Expense,$22,000,,],[$Depreciation Expense,$1,500,,],[$Utilities Expense,$4,420,,],[$Insurance Expense,,$1,600,,],[$Rent Expense,$6,200,,],[$Income Tax Expense,$3,100,,],[$Total$,$$$61,290,$$$,61,290]]$

Required:

Prepare a statement of retained earnings for the year$-$

$\backslash$table$[[$SKY BLUE CORPORATION$],[$Statement of Retarted Earnings$],[$For the Year Ended December $31,],[$Balance$,$ January $1,],[$Add: Net Income,$],[$Less: Dividends,$],[$Balance$,$ December $31,$$