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Whispering Winds Corp. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31,

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Whispering Winds Corp. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from camping fees) Sales revenue (from general store) Accounts payable Cash Equipment $158,400 30,000 13,200 10,200 136,800 Dividends Notes payable Expenses during 2017 Supplies Common stock Retained earnings (1/1/2017) $10,800 60,000 151,200 6,600 48,000 6,000 Prepare a retained earnings statement for Whispering Winds Corp. as of December 31, 2017. (List items that increase retained earnings first.) Whispering Winds Corp. Retained Earnings Statement For the Year Ended December 31, 2017 Net Income /(Loss) : Net Income/ (Loss) Add e Textbook and Media List of Accounts Save for Later Last saved 13 hours ago Attempts: 0 of 3 used Submit

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