Current Attempt in Progress On May 1, Cullumber Company, a company that provides flying lessons, was started by using common stock in exchange for cash of $45,100. Following are the assets and liabilities of the company on May 31, 2022, and the revenues and expenses for the month of May. Cash $ 4,750 Notes Payable $28,000 Accounts Receivable 7,500 Rent Expense 1.000 Equipment 64.100 Maintenance and Repairs Expense 450 Service Revenue 6.900 Gasoline Expense 2,400 Advertising Expense 600 Utilities Expense 300 Accounts Payable 1.500 No additional investments were made in May, but the company paid dividends of $400 during the month. (a2) Prepare a retained earnings statement for the month of May. (List items that increase retained earnings first.) Cullumber Company Retained Earnings Statement V $ $