The adjusted trial balance of Delicious Hams, Inc., follows. (Click the icon to view the adjusted trial balance.) Requirement 1. Prepare Delicious Hams, Inc.'s single-step income statement and statement of retained earnings for the year ended December 31, 2021, and its balance sheet on that date. Data table Revenues: Expenses: Income Statement Year Ended December 31, 2021 Thousands Delicious Hams, Inc. Adjusted Trial Balance December 31, 2021 (Amounts in thousands) Account Cash Accounts receivable Inventories Debit Credit $ 4,600 1,500 2,300 Prepaid expenses 1,300 Property, plant, and equipment 16,700 Accumulated depreciation-property, plant, and equipment $ 2,700 Other assets 9,200 Accounts payable Income tax payable Prepare the Delicious Hams, Inc. statement of retained earnings for the year ended December 31, 2021. (Include a subtotal after the "Add" line of the statement.) Delicious Hams, Inc. Statement of Retained Earnings Year Ended December 31, 2021 Other liabilities Common stock Retained earnings (beginning, December 31, 2020) Dividends Sales revenue Add: Subtotal Less: Thousands Cost of goods sold Selling, administrative, and general expenses Income tax expense Total Print Done 7,700 500 2,300 14,300 5,000 1,400 43,700 25,400 10,800 3,000 $ 76,200 $ 76,200 Less: Assets Delicious ams, Inc. Balance Sheet December 31, 2021 Liabilities Stockholders' Equity Thousands