Equipment	$8,500	Service Revenue	$12,500
Office Supplies	600	Accounts Receivable	9,200
Notes Payable	5,000	Accounts Payable	3,000
Rent Expense	450	Retained Earnings, June 1, 2024	3,850
Cash	1,800	Salaries Expense	1,800
Dividends	4,000	Common Stock	2,000

The account balances and income statement of Wonders Towing Service at June 30,2024 , follow: (Click the icon to view the account balances.) (Click the icon to view the income statement for the month.) Requirements 1. Prepare the statement of retained earnings for Wonders Towing Service for the month ending June 30, 2024. 2. What does the statement of retained earnings report