The following account balances were included in the trial balance of Blossom Corporation at June 30, 2017 Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) $7,213 7,949 5,170 8,340 5,520 65,164 40,670 16,990 94,080 19,148 9,030 36,450 $1,594,320 Dereiation expense (office furniture and equipment) 32,400 906,600 57,560 99,250 34,000 22,840 15,080 9,150 5,251 5,702 4,605 3,287 2,703 Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received Interest expense Income tax expense Depreciation understatement due to error-2014 (net of tax) Dividends declared on preferred stock Dividends declared on common stock The Retained Earnings account had a balance of $332,700 at July 1, 2016. There are 75,210 shares of common stock outstanding Using the single-step form, prepare an income statement for the year ended June 30, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.) BLOSSOM CORPORATION Income Statement Prepare a retained earnings statement for the year ended June 30, 2017. (List items that increase adjusted retained earnings first.) BLOSSOM CORPORATION Retained Earnings Statement