These items are taken from the financial statements of Blossom Company for 2017.

Retained earnings (beginning of year)		$33,820
Utilities expense		2,160
Equipment		68,820
Accounts payable		20,230
Cash		13,950
Salaries and wages payable		5,910
Common stock		12,000
Dividends		12,000
Service revenue		71,250
Prepaid insurance		6,410
Maintenance and repairs expense		1,640
Depreciation expense		3,330
Accounts receivable		13,630
Insurance expense		2,470
Salaries and wages expense		40,250
Accumulated depreciationequipment		21,450

Prepare a retained earnings statement for the year ended December 31, 2017. (List items that increase retained earnings first.)

Blossom Company Retained Earnings Statement