These items are taken from the financial statements of Drew Corporation for 2017. Retained earnings (beginning of year) $33,000 Utilities expense 2,000 Equipment 56,000 Accounts payable 15,300 Cash 15,900 Salaries and wages payable 3,000 Common stock 13,000 Dividends 14,000 Service revenue 78,000 Prepaid insurance 3,500 Maintenance and Repairs expense 1,800 Depreciation expense 3,300 Accounts receivable 14,200 Insurance expense 2,200 Salaries and wages expense 47,000 Accumulated depreciationequipment 17,600

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