The ledger of Luke, Inc. on March 31st includes these selected accounts before adjusting entries are prepared.

The ledger of Luke, Inc. on March 31st includes these selected accounts before adjusting entries are prepared.
Prepaid Insurance: $18,000
Supplies: $3,000
Unearned Service Revenue: $12,000
An analysis of the accounts shows the following:

Insurance expires at the rate of $600 per month.
Supplies on hand total $1,400
During March, services were performed for 20% of the unearned revenue.

Before these adjusting entries, retained earnings is $15,000. After making the adjusting entries, what would be ending retained earnings?
 
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