The following account balances were included in the trial balance of Bramble Corporation at June 30, 2020.

Sales Revenue - $1,595,870

Sales discount - 33,040

Cost of goods sold - 897,600

Salaries and wages expense (sals) - 56,520

Sales commission - 98,900

Travel expense (salesperson) - 35200

Delivery expense - 23,290

entertainment expense - 14,990

Telephone and Internet expense (sales) - 9,160

Depreciation expense (sales equipment) - 4,914

Maintenance and repairs expense (sales) - 6,715

Miscellaneous selling expenses - 4,689

Office supplies used - 3,656

Telephone and internet expense (administration) - 2,966

Depreciation expense (office furniture and equip.) - 7,119

Property tax expense - 7,850

Bad debt expense (selling) - 4,614

Maintenance and repairs expense (administration) - 8,347

Office expense - 6,480

Sales returns and allowances - 58,075

Dividends received - 34,910

Interest expense - 18,950

Income tax expense - 107,240

Depreciation understatement due to error-2020(net of tax) - 17,738

Dividends declared on preferred stock - 9,020

Dividends declared on common stock - 39,470

Prepare a retained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earnings first.) BRAMBLE CORPORATION Retained Earnings Statement