The adjusted trial balance of blossom company at december 31, 2019, includes the following accounts: common stock $17,200, dividends $7,000, service revenue $38,900, salaries and wages expense $16,200, insurance expense $2,400, rent expense $4,600, supplies expense $1,000, and depreciation expense $1,200. the balance in common stock is the balance as of january 1. prepare a retained earnings statement for the year assuming net income is $13,500 for the year and retained earnings is $7,900 on january 1.