Correct the question I got wrong.

The following are the trial balance and the other information related to Joseph Consulting Engineer.

JOSEPH CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2020
		Debit			Credit
Cash		$29,500
Accounts Receivable		52,300
Allowance for Doubtful Accounts					$814
Supplies		2,070
Prepaid Insurance		1,890
Equipment		29,000
Accumulated Depreciation-Equipment					6,133
Notes Payable					7,200
Common Stock					10,000
Retained Earnings					26,839
Service Revenue					108,786
Rent Expense		10,582
Salaries and Wages Expense		32,460
Utilities Expenses		1,300
Office Expense		670
		$159,772			$159,772

Fees received in advance from clients $5,500, which were recorded as revenue.
2.		Services performed for clients that were not recorded by December 31, $4,456.
3.		Bad debt expense for the year is $1,487.
4.		Insurance expired during the year $458.
5.		Equipment is being depreciated at 10% per year.
6.		Joseph gave the bank a 90-day, 10% note for $7,200 on December 1, 2020.
7.		Rent of the building is $814 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense.
8.		Office salaries and wages earned but unpaid December 31, 2020, $2,627.

Prepare a retained earnings statement for 2020. Joseph paid a $17,160 cash dividend during the year. (recorded in Retained Earnings.) (List items that increase owner's capital first.)

Prepare a retained earnings statement for 2020. Joseph paid a $17,160 cash dividend during the year. (recorded in Retained Earnings.) (List items that increase owner's capital first.) JOSEPH CONSULTING ENGINEER Statement of Retained Earnings For the Year Ended December 31, 2020 Retained Earnings, January 1 26839 Add Net Income /(Loss) 56012 Less Dividends 17,160 Retained Earnings, December 31 65691 e Textbook and Media Assistance Used List of Accounts Assistance Used Save for Later Attempts: 2 of 5 used Submit