You are the accountant for Kamal Fabricating, Inc. and you oversee the preparation of financial statements for the year just ended 6/30/2020. You have the following information from the company’s general ledger and other financial reports (all balances are end-of-year except for those noted otherwise):
| Cash | $9,000 |
| Common stock | 8,000 |
| Accounts receivable | 7,000 |
| Accounts payable | 2,000 |
| Cash dividends declared for the year | 2,000 |
| Additional paid-in capital | 6,000 |
| Prepaid insurance | 5,000 |
| Prior period adjustment, net of income taxes | (2,000) |
| Unearned revenue | 4,000 |
| Retained earnings, beginning of the year | 6,000 |
| Net income for the year | 9,000 |
Prepare the company’s Statement of Retained Earnings.
| Kamal Fabricating, Inc. | |
| Statement of Retained Earnings | |
| Year Ended June 30, 2020 | |
| $fill in the blank 2 | |
| fill in the blank 4 | |
| $fill in the blank 6 | |
| fill in the blank 8 | |
| $fill in the blank 9 | |
| fill in the blank 11 | |
| $fill in the blank 13 |
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