These financial statement items are for Wildhorse Co. at year-end, July 31, 2017. Salaries and wages payable $ 3,880 Salaries and wages expense 59,200 Supplies expense 17,000 Equipment 20,300 Accounts payable 4,100 Service revenue 67,800 Rent revenue 9,900 Notes payable (due in 2020) 2,900 Common stock 16,000 Cash 30,900 Accounts receivable 10,880 Accumulated depreciation-equipment 7,600 Dividends 4,000 Depreciation expense 5,600 Retained earnings (beginning of the year) 35,700 Prepare a retained earnings statement for the year. Wildhorse Co. did not issue any new stock during the year. Wildhorse Co. Retained Earnings Statement $1

These financial statement items are for Wildhorse Co. at year-end, July 31, 2017. Salaries and wages payable $ 3,880 Salaries and wages expense 59,200 Supplies expense 17,000 Equipment 20,300 Accounts payable 4,100 Service revenue 67,800 Rent revenue 9,900 Notes payable (due in 2020) 2,900 Common stock 16,000 Cash 30,900 Accounts receivable 10,880 Accumulated depreciation-equipment 7,600 Dividends 4,000 Depreciation expense 5,600 Retained earnings (beginning of the year) 35,700 Prepare a retained earnings statement for the year. Wildhorse Co. did not issue any new stock during the year. Wildhorse Co. Retained Earnings Statement $1