These items are taken from the financial statements of Sandhill Co. for 2022. Retained earnings (beginning of year) $32,020 Utilities expense 2,140 Equipment 62,500 Accounts payable 17,650 Cash 11,330 Salaries and wages payable 5,120 Common stock 23,400 Dividends 12,000 Supplies 3,700 Debt Investment (long-ter 5,900 Trademarks 2,200 Service revenue 69.320 Prepaid insurance 5,620 Maintenance and repairs expense 1,660 Depreciation expense 3,180 Accounts receivable 15,140 Insurance expense 2,620 Salaries and wages expense 38,350 Accumulated depreciation-equipment 18,830 eTextbook and Media List of Accounts I SANDHILL CO. Income Statement $ Prepare a retained earnings statement for the year ended December 31, 2022. (List Items that increase retained earnings first.) eTextbook and Media List of Accounts SANDHILL CO. Retained Earnings Statement $ O Liabilities and Stockholders' Equity