The adjusted trial balance of Parsons Company at December 31, 2017, includes the following accounts: Common Stock $17,900, Dividends $7,300, Service Revenue $38,400, Salaries and Wages Expense $15,700, Insurance Expense $1,700, Rent Expense $3,400, Supplies Expense $2,000, and Depreciation Expense $1,300. The balance in Common Stock is the balance as of January 1.

The adjusted trial balance of Parsons Company at December 31, 2017, includes the following accounts: Common Stock $17,900, Dividends $7,300, Service Revenue $38,400, Salaries and Wages Expense $15,700, Insurance Expense $1,700, Rent Expense $3,400, Supplies Expense $2,000, and Depreciation Expense $1,300. The balance in Common Stock is the balance as of January 1 retained earnings statement for the year assuming net income is $14,300 for the year and Retained Earnings is $7,600 on January 1. (List items that increase owner's equity first.) Prepare PARSONS COMPANY Retained Earnings Statement