Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,430 Dividends 22,450 Consulting fees earned 5,340 Rent expense 44,080 Salaries expense 20,100 Telephone expense 10,480 Miscellaneous expenses 102,800 $ 6,080 27,080 9,640 5, 680 970 590 cise 2-17 Preparing a statement of retained earnings LO P3 he above information to prepare an August statement of retained earnings for Help Today. The Retained Earnings account ce at August 1 was $0. Hint: Net income for August is $10,200. HELP TODAY Statement of Retained Earnings