On June 1, 2022, Sandhill Co.was started with an initial investment in the company of $21,175 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $4,750 $12,300 Notes payable Accounts payable Accounts receivable 4,250 750 Service revenue 7,700 965 Supplies expense Maintenance and repairs expense Supplies 2,366 630 Advertising expense 400 Utilities expense 270 Equipment 25,400 Salaries and wages expense 1,200 Common stock 21,175 During June, the company issued no additional stock but paid dividends of $1,694. SANDHILL CO. Income Statement For the Month Ended June 30, 2022 $ $ $ Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) SANDHILL CO. Retained Earnings Statement $ :