Prepare a retained earnings statement for the month of May 2022. (List items that increase retained earnings first.) WHITE CONSULTING INC. Retained Earnings Statement Karen White started her own consulting firm, White Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $15,600 cash in the business in exchange for common stock. 2 Paid $624 for office rent for the month. 3 Purchased $520 of supplies on account. 5 Paid $156 to advertise for the month in the County News. 9 Performed services for customer for $1.456 cash. 12 Paid $208 cash dividend. 15 Performed $4,368 of services on account. 17 20 17 23 222 30 232 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. 26 Borrowed $5,200 from the bank on a note payable. 29 Purchased office equipment for $2,080 paying $208 in cash and the balance on account. Paid $192 for utilities.