The income statement of Joe's Shoe Repair is as follows:

JOE'S SHOE REPAIR Income Statement For the Month Ended April 30, 2015
Revenue
Service Revenue				$9,500
Expenses:
Salaries and Wages Expense		$4,200
Depreciation Expense		350
Utilities Expense		400
Rent Expense		600
Supplies Expense		1,050
Total Expenses				6,600
Net Income				$2,900

On April 1, the Retained Earnings account had a balance of $12,900. During April, the company paid $3,000 in dividends.

Instructions 

(a) Prepare closing entries at April 30 .

(b) Prepare a retained earnings statement for the month of April.