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On June 1,2022, Sheridan Company was started with an initial investment in the company of $19,590 cash. Here are the assets, liabilities, and common stock

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On June 1,2022, Sheridan Company was started with an initial investment in the company of $19,590 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: During June, the company issued no additional stock but paid dividends of $1,260. Prepare a retained earnings statement for the month of June. (List items that increase retoined earnings first.)

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