Kingbird Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information. Accounts payable $4,400 Supplies $2,640 Interest expense 350 Supplies expense 400 Equipment (net) 51,000 Depreciation expense 290 Salaries and wages expense 2,600 Service revenue 20,900 Bonds payable 22.300 Salaries and wages payable 560 Unearned service revenue 4,100 Common stock 10,300 Accounts receivable 1,450 Interest payable 170 Cash 4,000 Prepare a retained earnings statement for the month of October 2022. KINGBIRD INC. Retained Earnings Statement October 31, 2022