PLEASE ANWSER (a2)

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(a2)

Current Attempt in Progress These items are taken from the financial statements of Novak Corporation for 2022. Income Statement For the Year Ended December 31, 2022 Revenues Expenses Salaries and Wages Expense $41160i Depreciation Expense \begin{tabular}{|l|l|} \hline 3100 & i \\ \hline \end{tabular} Maintenance and Repairs Expense \begin{tabular}{|l|l|} \hline 1690 & i \\ \hline \end{tabular} Utilities Expense 2110 Insurance Expense Total Expenses Net Income / (Loss) $21400 Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.)