Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companys records show the following accounts and amounts for the month of August.

Cash	$	25,480	Consulting fees earned	$	27,140
Accounts receivable		22,520	Rent expense		9,710
Office supplies		5,390	Salaries expense		5,730
Land		44,150	Telephone expense		1,030
Office equipment		20,170	Miscellaneous expenses		640
Accounts payable		12,020	Common stock		101,800
Dividends		6,140

Use the above information to prepare an August statement of retained earnings for Help Today. (Hint: Net income for August is $10,030.)