Kimberly Young started her own consulting firm, Young Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $18,900 cash in the business in exchange for common stock. 2 3 Paid $756 for office rent for the month. Purchased $630 of supplies on account. Paid $189 to advertise for the month in the County News. Performed services for customer for $1,764 cash. 5 9 Paid $252 cash dividend. 12 15 Performed $5,292 of services on account. Paid $3,150 for employee salaries. 17 20 23 Paid for the supplies purchased on account on May 3. Received a cash payment of $1,512 for services performed on account on May 15. Borrowed $6,300 from the bank on a note payable. 26 29 Purchased office equipment for $2,520 paying $252 in cash and the balance on account. Paid $236 for utilities. 30 (62) Prepare a retained earnings statement for the month of May 2022. (List items that increase retained earnings first.) YOUNG CONSULTING INC. Retained Earnings Statement $ vo $