The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end of the companys fiscal year.

SWEET FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017
		Debit			Credit
Cash		$33,770
Accounts Receivable		37,390
Inventory		48,690
Supplies		9,190
Equipment		140,380
Accumulated Depreciation-Equipment					$26,760
Notes Payable					54,690
Accounts Payable					52,190
Common Stock					93,690
Retained Earnings					11,690
Sales Revenue					765,960
Sales Returns and Allowances		4,200
Cost of Goods Sold		495,400
Salaries and Wages Expense		138,080
Advertising Expense		27,780
Utilities Expenses		15,920
Maintenance and Repairs Expense		12,100
Delivery Expense		16,700
Rent Expense		25,380
Totals		$1,004,980			$1,004,980

Adjustment data:

1.		Supplies on hand totaled $5,190.
2.		Depreciation is $17,070 on the equipment.
3.		Interest of $10,440 is accrued on notes payable at November 30.

Other data:

1.		Salaries expense is 70% selling and 30% administrative.
2.		Rent expense and utilities expenses are 80% selling and 20% administrative.
3.		$30,000 of notes payable are due for payment next year.
4.		Maintenance and repairs expense is 100% administrative.

need retained earnings statement

Income For the Year Ended November 30, 2017 Salez Ravenue Sales Revenue 763960 Less | ales Returns and 761760 Cost of Goods Sold Gross Profit Operating Expenses Selling expenses laries and Wages Expens 96656 Advertizing Expense Ublities Expenses 12736 Delivery Expense 16700 Rent Expense Suppli Expenses Expense Total Salling Expanses 195246 Administrative expenses Selaries and Wages Expense 41424 Ublities Expensexs Maintenance and Rairs Expense Rent Expense 5076 Total Adminstralive Expensss Total Oparating Expanses 257030 Income from Operations 9330 Other Expenses nd La" Interest Expense 10440 1110 Nat Income (Less) LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT (c2) Prepare retained earnings statement for the year SWEET FASHTON CENTER Retained Earnings Statement