The following account balances were included in the trial balance of Blossom Corporation at June $30,2025.$

Sales revenue

$$1,581,030$

Depreciation expense $($office furniture and equipment$)$

$$7,552$

Sales discounts

$32,010$

Property tax expense

$7,916$

Cost of goods sold

$899,100$

Bad debt expense $($selling$)$

$4,924$

Salaries and wages expense $($sales$)$

$56,830$

Maintenance and repairs expense $($administration$)$

$9,573$

Sales commissions

$99,330$

Office expense

$6,000$

Travel expense $($salespersons$)$

$32,300$

Sales returns and allowances

$62,296$

Delivery expense

$23,200$

Dividends revenue

$39,960$

Entertainment expense

$14,980$

Interest expense

$19,520$

Telephone and Internet expense $($sales$)$

$9,090$

Income tax expense

$95,130$

Depreciation expense $($sales equipment$)$

$5,374$

Depreciation understatement due to error$2025($net of tax$)$

$18,423$

Maintenance and repairs expense $($sales$)$

$6,417$

Dividends declared on preferred stock

$8,240$

Miscellaneous selling expenses

$4,309$

Dividends declared on common stock

$36,850$

Office supplies used

$3,532$

Telephone and Internet expense $($administration$)$

$2,787$

The Retained Earnings account had a balance of $$366,850$ at July $1,2024.$ There are $76,590$ shares of common stock outstanding.

Prepare a retained earnings statement for the year ended June $30,2025.($List items that increase adjusted retained earnings first.$)$