These items are taken from the financial statements of Vaughn Manufacturing for 2017.

Retained Earnings Statement & Balance Sheet????

Retained earnings (beginning of year)		$32,480
Utilities expense		2,170
Equipment		67,480
Accounts payable		22,480
Cash		13,930
Salaries and wages payable		6,630
Common stock		12,000
Dividends		12,000
Service revenue		69,670
Prepaid insurance		7,130
Maintenance and repairs expense		1,630
Depreciation expense		3,140
Accounts receivable		15,880
Insurance expense		2,660
Salaries and wages expense		38,670
Accumulated depreciationequipment		21,430