Nona Curry started her own consulting firm, Kingbird, Inc., on May 1, 2017. The following transactions occurred during the month of May: May 1 2 3 5 9 12 15 17 20 23 26 29 30 Stockholders invested $15.600 cash in the business in exchange for common stock. Paid $624 for office rent for the month. Purchased $520 of supplies on account Paid $156 to advertise for the month in the County News. Received $1,456 cash for services performed Paid $208 cash dividend Performed $4,368 of services on account. Paid $2,600 for employee salaries. Paid for the supplies purchased on account on May 3, Received a cash payment of $1.248 for services performed on account on May 15. Borrowed $5.200 from the bank on a note payable. Purchased office equipment for $2,080 paying $208 in cash and the balance on account. Paid $187 for utilities Prepare a retained earnings statement for the month of May 2017. KINGBIRD, INC. Retained Earnings Statement For the Month Ended May 31, 2017 Retained Earnings, May 1 $ $ $ $