! Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land office equipment Accounts payable Common stock 25,300 Dividends 22,310 Consulting fees earned 5,190 Rent expense 43,960 Salaries expense 19,940 Telephone expense 10,800 Miscellaneous expenses 101,200 $ 5,940 26,940 9,490 5,550 800 460 Use the above information to prepare an August statement of retained earnings for Help Today. The Retained Earnings account balance at August 1 was $0. Hint: Net income for August is $10,640. HELP TODAY Statement of Retained Earnings