$[$The following information appies to fhe questions cisployed below$]$

Nicole Mackisey is thinking of forming her cowr saa bus ness, Nicolels Gesaway Spo iNGSj. Mook expects to start the bushess on Janary $1,$ when she and two forily members each camibuse $$10,000$ to the business and recelve $1000$ shares each. Nicole forecasts the tolowini smounts for the firslyear of aperations ending December $31$ Cash on hand and in the banik $$2,450$; amounts ove from customers from sps itedimems, $$1,810,$ bulding and equipment, $$73,000$ : amoums cwed to bezuty supply outlets for spe equipmem. $$4,690,$ nopes payable to a local tarik for $$39700.$ Cosh dividerds af $$5,000$ will be paid to the stocktolders during the yeat Nicale also forecasts that fristrea seles revenues wil be $550800$ ; wages wil be $$26,500$; the cost of supates csed up wil be $58,500$ ; othice expenters wil be $56,500,$ and income taxes will be $$1,900$

equired:

Prepare a Morecasted statemem of retained eamings for Nicolek Geliway Spa for The year ender Decpmber $31.$