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 accounts and amounts for the month of August. $ 27,040 9,590 5,640 $ 25,400 Consulting fees earned Cash Accounts receivable 22,410 Rent expense office supplies 5,300 Salaries expense 44,040 Telephone expense 20,050 Miscellaneous expenses Land 920 Office equipment Accounts payable Dividends 550 10,500 Common stock 102,400 6,040 Use the above information to prepare an August statement of retained earnings for Help Today. (Hint: Net income for August is $10,340.) HELP TODAY Statement of Retained Earnings