The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,250 2,200 2,500 3,200 13,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense $ 3,000 5,620 1,100 3,100 640 2,600 1,080 320 43,830 320 22.000 1.500 4,420 1,600 6,200 62 W Prepare a statement of retained earnings for the year. SKY BLUE CORPORATION Statement of Retained Earnings Balance, January 1 Balance December 31 62 W Prepare a statement of retained earnings for the year. SKY BLUE CORPORATION Statement of Retained Earnings Balance, January 1 Balance December 31