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. $ 5,830 26,880 9,390 Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,200 Dividends 22,240 Consulting fees earned 5,080 Rent expense 43,890 Salaries expense 19,860 Telephone expense 10,840 Miscellaneous expenses 100,300 5,450 690 390 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 $10,960. Answer is not complete. HELP TODAY Statement of Retained Earnings For Month Ended August 31 Retained earnings, August 1 Add: Net income 10,960 10,960 (5,830) Less: Dividends $ 5,130