On December $1,2025,$ Sandhill Distributing Company had the following account balances.DebitCash$$7,100$Accounts Receivable$4,500$Inventory$11,900$Supplies$1,200$Equipment$22,000-$$$46700$Credit Accumulated Depreciation$-$Equipment$$2,200$Accounts Payable$4,400$Salaries and Wages Payable$1,000$Common Stock$15,000$Retained Earnings$24,100$$$46,700$During December, the company completed the following summary transactions.Dec. $6$Paid $$1,600$ for salaries due employees, of which $$600$ is for December and $$1,000$ is for November salaries payable$\mathrm{.}8$Received $$1,900$ cash from customers in payment of account $($no discount allowed$)\mathrm{.}10$Sold merchandise for cash $$6,200.$ The cost of the merchandise sold was $$4,300\mathrm{.}13$Purchased merchandise on account from Hecht Co$.$ $$7,800,$ terms $2/10,$ n$/30\mathrm{.}15$Purchased supplies for cash $$2,000\mathrm{.}18$Sold merchandise on account $$11,700,$ terms $3/10,$ n$/30.$ The cost of the merchandise sold was $$7,700\mathrm{.}20$Paid salaries $$1,900\mathrm{.}23$Paid Hecht Co$.$ in full, less discount$\mathrm{.}27$ Received collections in full, less discounts, from customers billed on December $18.$Adjustment data:$1.$ Accrued salaries payable $$900\mathrm{.}2.$ Depreciation $$200$ per month$\mathrm{.}3.$ Supplies on hand $$1,500\mathrm{.}4.$ Income tax due and unpaid at December $31$ is $$100.$Prepare a retained earnings statement for December