Use the adjusted trial balance and prepare a properly format…

Use the adjusted trial balance and prepare a properly formatted Statement of Retained Earning Holiday’s Music Corp. Adjusted Trial Balance 30-Apr   Dr. Cr. Cash $68,000   Accounts Receivable 12,000   Prepaid Insurance 850   Prepaid Advertising 13,250   Office Supplies                1,475   Merchandise Inventory            27,850   Estimated Returns Inventory 4,370 Equipment          250,000   Accumulated Depreciation-Equipment   $100,000 Music Copyrights            60,000   Accounts Payable   10,300 Salaries Payable   63,018 Customer Refunds Payable 3,800 Notes Payable (short term)   7,500 Long-term Notes Payable    92,500 Common Stock   25,000 Retained Earnings   170,062 Dividends 30,000   Sales   $265,065 Sales Discount            25,702   Cost of Goods Sold          124,209   Insurance Expense (on office)              3,000   Advertising Expense              1,900   Office Salaries Expense            23,000   Office Supplies Expense              13,319   Office Rent            24,000   Depreciation Expense- Office Building              5,000   Royalties (an expense)            26,000   Travel Expenses (sales related)            13,200   Utilities Expense              7,230   Interest Expense              2,890                 Totals $737,245 $737,245