Answer the following questions regarding the Retained Earnings Statement that would be prepared from the adjusted trial balance. It is suggested that you prepare the Retained Earnings Statement in good form before answering the questions Debit Credit Cash 20,000 Accounts Receivable 25,000 PPD Ins 8.000 Buildings 300,000 A/D-Blds 120,000 Accounts Payable 19.000 Common Stock 125,000 Retained Earnings 70.000 Dividends 20,000 Service Revenue 125,000 Interest Revenue 8,000 Depreciation Expense 27,000 Ins Expense 6.000 Salary Expense 40,000 Utilities Expense 21,000 Totals 467,000 467,000 First line on the Retained Earnings Statement 3. Retained earnings January 1, 20x1 70,000 What is the correct way to date the Retained Earnings Statement 4. Retained earnings December 31, 20xl 89,000 s Third line on the Retained Earnings Statement 5. Less:Dividends 20,000 Fourth line on the Retained Earnings Statement 6. Add: Net income 39,000