On June 1, 2021, Hollanda Company was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2021, and the revenues and expenses for the month of June, its first month of operations:

Cash $ 4,840 Notes payable $12,480

Accounts receivable4,270 Accounts payable 770

Service revenue7,700 Supplies expense 780

Supplies 2,462 Maintenance and repairs expense610

Advertising expense400 Utilities expense 290

Equipment 23,700Salaries and wages expense1,000

Common stock 19,250

During June, the company issued no additional stock but paid dividends of $1,848.

Draw up a retained earnings statement for the month of June. (List the items that increase retained earnings first.)