The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31.

	Debit	Credit
Cash	$ 1,370
Accounts Receivable	3,400
Prepaid Insurance	3,700
Notes Receivable (long-term)	4,400
Equipment	19,000
Accumulated Depreciation		$ 5,400
Accounts Payable		6,820
Salaries and Wages Payable		1,700
Income Taxes Payable		4,300
Deferred Revenue		880
Common Stock		3,800
Retained Earnings		1,560
Dividends	440
Sales Revenue		54,630
Rent Revenue		440
Salaries and Wages Expense	24,400
Depreciation Expense	2,700
Utilities Expense	5,620
Insurance Expense	2,800
Rent Expense	7,400
Income Tax Expense	4,300
Total	$ 79,530	$ 79,530

Required:

Prepare a statement of retained earnings for the year.