Brief Exercise 3-10 CALCULATOR PRINTER BACK Your answer is partially correct. Try again. The adjusted trial balance of Kingbird, Inc. at December 31, 2020, includes the following accounts Common Stock $17.900, Dividende 87.600, Service Revenue 38,100, Salaries and Wages Expense $16,200, Insurance Expense $1,900, Rent Expense 3.900, Sucoles Expense $1,700, and Depreciation Expense $1,100. The balance in Common Stock is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $13,300 for the year and Retained Earnings is $7,200 on January 1. (stems that increase owner's equity first.) Kingbird, Inc. Retained Earnings Statement For the Year Ended December 31, 2020 Revenues 38,100 Add Retained eamings, January 1 7,200 45300 Less Retained earnings, December 31 32000 Net Income / (Loss) 13,300