The assets and liabilities of Gator Pest Control Services, Inc. at May 31, 2018, the end of the current year, and its revenue and expenses for the year are listed below. The capital stock was $100,000 at June 1, 2017, the beginning of the current year. Mr. Al Gator invested an additional $15,000 in the business in exchange for capital stock during the year.

Accounts Payable	$1,200		Miscellaneous Expense	$220
Accounts Receivable	$12,340		Office Expense	$560
Cash	$32,990		Supplies	$1,670
Fees Earned	$78,350		Wages Expense	$26,770
Land	$65,000		Dividends	$3,000
Building	$143,670		Retained Earnings	$90,000

REQUIRED: Prepare a statement of retained earnings for the current year ended May 31, 2018.