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Required information [The following information applies to the questions displayed below.) Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable Accounts Receivable Cash (balance on September 1, 2020) Cash (balance on August 31, 2021) Common Stock Dividends Equipment Notes Payable Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Supplies Utilities Expense $149,000 19,000 79,000 90,000 100,000 14,000 759,000 34,000 115,000 54,000 414,000 975,000 174,000 1,738,000 33,000 550,000 Other cash flow information: Additional Investments by stockholders Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borrowings Cash received from customers Cash received from borrowings Dividends paid in cash $ 36,000 44,000 1,498,000 159,000 1,681,000 9,000 14,000 2. Prepare a statement of retained earnings for the fiscal year ended August 31, 2021, CHEESE FACTORY INCORPORATED Clinic 2. Prepare a statement of retained earnings for the fiscal year ended August 31, 2021. CHEESE FACTORY INCORPORATED Statement of Retained Earnings Retained Earnings, Beginning Retained Earnings, Ending