Refer to the unadjusted trial balance for Oxmoor Corporation in Exercise 3-56.

Refer to exercise data 3-56,

Oxmoor Corporation

Adjusted Trial Balance

December 31, 2019

Required:
Prepare a retained earnings statement for Oxmoor for the year ended December 31, 2019.

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Debit Credit Account Cash Accounts Receivable Prepaid Rent Inventory Long-Term Investment Equipment Accumulated Depreciation Accounts Payable Interest Payable Note Payable (short-term) Bonds Payable Common Stock $ 13,300 6,700 54,000 481,400 110,900 88,000 $ 23,700 111,700 4,400 50,000 180,000 300,000 Retained Earnings, 1/1/2019 45,635 Dividends 50,000 583,900 Sales Revenue Cost of Goods Sold 277,000 Wages Expense Rent Expense Depreciation Expense Interest Expense Income Taxes Expense 98,250 50,000 29,000 2,700 38,085 $1,299,335 $1,299,335 Totals