Brief Exercise 4-11 Partial adjusted trial balance for Splish Brothers Inc. at December 31, 2017, includes the following accounts:

Brief Exercise 4-11

Partial adjusted trial balance for Splish Brothers Inc. at December 31, 2017, includes the following accounts: Retained Earnings $17,000, Dividends $6,400, Service Revenue $35,900, Salaries and Wages Expense $13,100, Insurance Expense $1,920, Rent Expense $3,990, Supplies Expense $1,560, and Depreciation Expense $810. The balance in Retained Earnings is the balance as of January 1.

Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.)