YuNV. [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31. Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total Debit Credit $ 1,300 2,700 3,000 3,700 15,500 $ 4,000 6,120 1,350 3,600 740 3,100 1,280 370 48,330 370 23,000 2,000 4,920 2,100 6, 700 3,600 $68,890 $68,890 Prepare a statement of retained earnings for the year. Prepare a statement of retained earnings for the year. 31 SKY BLUE CORPORATION Statement of Retained Earnings Balance, January 1 S Add: Net Income Less: Net Income Add: Net Loss Less: Net Loss