Business, 28.05.2021 19:30 cupkakekawaii45

The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed below. The stockholders' equity was $68,000 ($48,000 in Common Stock and $20,000 in Retained Earnings) at January 1. The shareholders invested in an additional $10,000 of common stock during the year. Net income for the year is $45,625. Accounts payable $4,375 Spa operating expense $23,760
Accounts receivable 8,490 Office expense 2,470
Cash 13980 Spa Supplies 9,230
Fees Earned 98,435 Wages Expense 26,580
Spa Furniture & Equipment 56,000 Drawing 38,170
Computers 2,130

Required:
Prepare a retained earnings statement for Rocky's Day Spa for the current year ended December 31.

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The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed be...