These financial statement items are for Blossom Company at year-end, July 31, 2022. Salaries and wages payable $ 3,100 Salaries and wages expense 58,500 Supplies expense 16,600 Equipment 17,800 Accounts payable 4,200 Service revenue 67,100 9,500 Rent revenue Notes payable (due in 2025) 2,800 Common stock 16,000 Cash 33,400 Accounts receivable 10,400 Accumulated depreciation-equipment 7,000 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,000 Prepare a retained earnings statement for the year. Blossom Company did not issue any new stock during the year. BLOSSOM COMPANY Retained Earnings Statement $