Partial adjusted trial balance for ravine corporation at december 31, 2014, includes the following accounts: retained earnings $17,232; dividends $5,172; service revenue $37,692; salaries and wages expense $13,780; insurance expense $1,747; rent expense $4,009; supplies expense $1,500; and depreciation expense $869. the balance in retained earnings is the balance as of january 1. prepare a retained earnings statement for the year assuming net income is $15,787

Explanation:

Before preparing the retained earnings statement, first, we have to compute the ending balance of retained earning which is shown below:

The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid

= $17,232 + $15,787 - $5,172

= $27,847

The preparation of the retained earnings statement is presented in the spreadsheet. Kindly find the attachment below:

uhhhhh is this an emergency evacuation to save us if so then...

Explanation:

bye