Culver Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary includes the following information. Note that Culver began the month with $3,480 in Retained Earnings. This balance represents the results of its first two months of business. Assets Liabilities Stockholders Accts. Cash + Rec. + Supplies + Equip. Acc. Depr.- Equip. Unearn. = Accts. Serv. Pay. + Rev. + Sal./Wages + Pay. Com. Stock + F 11/1 Bal. 3,240 + 3,372 + 1,292 + 11,600 580 = 2,668 + 464 + 71211,600 + During November, the following summary transactions were completed. Paid $1,408 for salaries due employees, of which $696 is for November and $712 is for October salaries payable. Nov. 8 10 Received $2,088 cash from customers in payment of account. 12 Received $4,292 cash for services performed in November. 15 Purchased store equipment on account $4,176. 17 Purchased supplies on account $1,508. 20 Paid creditors $2,900 of accounts payable due. 22 Paid November rent $564. 25 Paid salaries $1,160. 27 Performed services on account worth $1,044 and billed customers. 29 Received $870 from customers for services to be performed in the future. Adjustment data: P 1. Supplies on hand are valued at $1,276. 2. Accrued salaries payable are $564. 3. Depreciation for the month is $290. 4. Services were performed to satisfy $580 of unearned service revenue. Prepare a retained earnings statement for November 30. Culver Equipment Repair Retained Earnings Statement : > SA A