format is the same / prepare retained earning statement

Current Attempt in Progress Gray Corporation began operations on January 1, 2017. The following information is available for Gray Corporation on December 31, 2017 Accounts payable $7,070 Notes payable $11,140 Accounts receivable 4,070 Rent expense 12,070 Advertising expense 4,210 Retained earnings ? Cash 5,170 Service revenue 29.140 Common stock 17.070 Supplies 3,970 Dividends 4,570 Supplies expense 1.490 Equipment 28.870 Gray Corporation Income Statement For the Year Ended December 31, 2017 Revenues 29,140 Service Revenue Expenses 4.210 Advertising Expense 12,070 i Rent Expense 1.490 Supplies Expense 17,770 Total Expenses $ 11.370 Net Income /(Loss)