Use the data in Problem P11-42B to prepare Kendall Corporation's statement of retained earnings for the year ended April 30, 20X3.
Data in Problem P11-42B
The following information was taken from the records of Kendall Corporation at April 30, 20X3. Kendall manufactures electronic controls for model airplanes.

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s 15,000 Treasury stock, common Dividends Interest revenue Extraordinary gain Income form discontinued operations. 4,000 (1,000 shares at cost. 19,000 Prior-period adjustment $ 11,000 credit to Retained Earnings..6,000 11,000 5,000 12,000 Interest expense General expenses Preferred stock-5%, $40 par, 113,000 Cost of goods sold. Loss on sale of plant assets8,000 10,000 shares authorized, 5,000 shares issued Income tax expense (saving): 200,000 Continuing operations Retained earnings, beginning, as or iginally reported 88,000 136,000 833,000 25,000 shares authorized and issued.. 250,000 Extr aondinary gain 12,000 Selling expenses Sa les revenue Common stock, $10 par,