Question: Could someone help me with the last blank under Net income for the month on the Statement of Retained Earnings? I uploaded the Income statement
Could someone help me with the last blank under "Net income for the month" on the Statement of Retained Earnings? I uploaded the Income statement and Adjusted Trial Balance for reference. Thank you!


Prepare the statement of retained earnings. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Complete all answer boxes. Enter a "0" for any zero balances.) Review the adjusted trial balance completed in Requirement 5. Micron Delivery Service Statement of Retained Earnings Month Ended December 31, 2024 Retained Earnings, December 1, 2024 Net income for the month Dividends Retained Earnings, December 31, 2024 $ 0 12,670 (2,600) 10,070 Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Depreciation-Truck Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Micron Delivery Service Adjusted Trial Balance December 31, 2024 Depreciation Expense-Truck Insurance Expense Fuel Expense Rent Expense Supplies Expense Total $ Balance Debit 21,220 2,850 400 1,540 14,000 2,600 2,600 140 140 200 2,000 300 $ 47,990 $ Credit 140 1,300 500 28,000 18,050 47,990 Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Supplies Expense Fuel Expense Depreciation Expense-Truck Insurance Expense Total Expenses Micron Delivery Service Income Statement Month Ended December 31, 2024 Net Income (Loss) $ 2,600 2,000 300 200 140 140 $ 18,050 $ 5,380 12,670
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