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You are provided with the following information for Swifty Corporation, effective as of its April...

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Accounting

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You are provided with the following information for Swifty Corporation, effective as of its April 30, 2017 year-end. $849 915 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock Investments (short-term) 670 1,375 1,215 1,075 320 340 2.525 180 150 225 415 1,072 3,205 3,605 166 75 1,600 685 237 5.205 1,290 Swifty Corporation Income Statement For the Year Ended April 30, 2017 Revenues Sales Revenue 5205 Expenses Cost of Goods Sold 1075 320 i Depreciation Expense Insurance Expense 225 Salaries and Wages Expense 685 Interest Expense 415 i Income Tax Expense 180 Total Expenses 2900 Net Income/(Loss) S 2305 Prepare a retained earnings statement for Swifty Corporation for the year ended April 30, 2017. (List items that increase retained earnings first.) Swifty Corporation Retained Earnings Statement $

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