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The following year-end information is available for Compton Corporation on December 31, 2016 Account Names Debit Credit Common Shares 13000 Preferred Shares 7000 Retained Earnings

The following year-end information is available for Compton Corporation on December 31, 2016

Account Names Debit Credit

Common Shares 13000

Preferred Shares 7000

Retained Earnings 29000

Cash Dividends Declared 3500

Revenue 92000

Expenses 58000

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Prepare a statement of retained earnings on December 31, 2016

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