$ 164,000 34,000 94,000 Accounts Payable Accounts Receivable Cash (balance on September 1, 2017) Cash (balance on August 31, 2018) Common Stock Dividends Equipment Notes Payable Office Expenses Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Supplies Utilities Expense 119,000 100,000 11,000 774,000 49,000 199,000 81,000 429,000 1,050,000 189,000 2,004,000 51,000 625,000 Other cash flow information: Additional investments by stockholders $ 55,000 Cash paid to purchase equipment 63,000 Cash paid to suppliers and employees 1,544,000 Repayments of borrowings 174,000 Cash received from customers 1,756,000 Cash received from borrowings 6,000 Dividends paid in cash 11,000 Prepare a statement of retained earnings for the fiscal year ended August 31, 2018