These items are taken from the financial statements of Crane Company for 2022.

Retained earnings (beginning of year)		$35,660
Utilities expense		2,140
Equipment		64,500
Accounts payable		15,180
Cash		13,950
Salaries and wages payable		7,360
Common stock		21,000
Dividends		12,000
Supplies		3,100
Debt investment (long-term)		5,600
Trademarks		1,800
Service revenue		71,800
Prepaid insurance		7,860
Maintenance and repairs expense		1,660
Depreciation expense		3,100
Accounts receivable		13,660
Insurance expense		2,700
Salaries and wages expense		40,380
Accumulated depreciationequipment		21,450

Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) CRANE COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1, 2022 Add : Net Income /(Loss) Less : Dividends Retained Earnings, December 31, 2022