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

Retained earnings (beginning of year)		$34,620
Utilities expense		2,170
Equipment		62,500
Accounts payable		14,700
Cash		12,670
Salaries and wages payable		4,860
Common stock		22,700
Dividends		12,000
Supplies		3,900
Debt investment (long-term)		5,500
Trademarks		1,700
Service revenue		71,200
Prepaid insurance		5,360
Maintenance and repairs expense		1,630
Depreciation expense		3,150
Accounts receivable		14,840
Insurance expense		2,650
Salaries and wages expense		40,180
Accumulated depreciationequipment		20,170

Prepare a retained earnings statement for the year ended December 31, 2022.