The adjusted trial balance of Pharoah Company for the year ended December 31, 2022, is as follows:

		Debit		Credit
Cash		$6,800
Accounts Receivable		3,200
Notes Receivable		6,200
Inventory		9,800
Equipment		7,600
Allowance for Doubtful Accounts				$600
Accumulated DepreciationEquipment				1,000
Notes Payable				1,200
Accounts Payable				600
Common Stock				16,900
Retained Earnings				11,600
Dividends		1,600
Sales Revenue				13,190
Interest Revenue				100
Cost of Goods Sold		7,800
Salary and Wages Expense		1,200
Rent Expense		900
Bad Debt Expense		60
Service Charge Expense		30
		$45,190		$45,190

Prepare a retained earnings statement. (List items that increase retained earnings first.)