On December 31, 2016, Ditka Inc. had Retained Earnings of $286,800 before its closing entries were prepared and posted.

On December 31, 2016, Ditka Inc. had Retained Earnings of $286,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $187,100 and interest revenue of $90,800. The company used supplies in the amount of $97,400, advertising expenses were $18,300, salaries and wages totaled $21,150, and income tax expense was calculated as $17,500. During the year, the company declared and paid dividends of $7,900.

Prepare T-account for the Retained Earnings account.