The (fictitious) Okanogan River Winery (ORW) is a privately-owned company located in the heart of majestic Omak, Washington. Sales have been relatively stable recently, despite COVID and recent market encroachment from the Herb Ertlinger Winery that specializes in fruit wines. ORW is seeking external investors in order to expand operations, and some of those investors have asked to view formal financial statements. ORWs bookkeeper prepared the following balances from the company's accounting records for the year ended October 31, 2021: Inventory 375,000 Prepaid Insurance 50,000 Cash 37,000 Contributed Capital 400,000 Accounts Payable 95,000 Accounts Receivable 70,000 Sales Revenue Dividends (withdrawals by owners) 560,000 3,000 Interest Income Interest Expense 1,000 2,000 Supplies 18,000 Utilities Expense 5,000 Cost of Goods Sold 300,000 Wage Expense 50,000 Land Buildings Equipment Accumulated Depreciation Depreciation Expense 650,000 1,000,000 450,000 800,000 15,000 Income Tax Expense Advertising Expense Unearned Revenue Insurance Expense Wages Payable 22,000 7,000 56,000 10,000 14,000 Notes Payable 630,000 Additional information provided by the bookkeeper include: Retained Earnings (November 1, 2020) = $508,000 Inventory (October 31, 2020) = $25,000 Accounts Receivable (October 31, 2020) = $90,000 The bookkeeper also confirmed ORW uses a fiscal year end of October 31 instead of the traditional calendar year end of December 31. ORW is looking forward to your knowledge of financial accounting concepts to help the company move forward and expand in the future. ONLY NEED THE RETAINED EARNINGS FOR THIS PROBLEM