Retained Earnigns Statement; Net Loss

Selected accounts from the ledger of Balboa Sports for the fiscal year ended June 30, 2016, are as follows:

Retained Earnings					Dividends
June 30	7,600	July 1 (2015)	451,900		Sept. 30	1,900	June 30	7,600
June 30	61,400				Dec. 31	1,900
					May 31	1,900
					June 30	1,900

Income Summary
June 30	973,200	June 30	911,800
		June 30	61,400

Prepare a retained earnings statement for the year.

Balboa Sports
Retained Earnings Statement
For the Year Ended June 30, 2016
		$
	$
		$