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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

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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 ortice equipment Accounts payable Common stock 25,260 Dividends 22,270 Consulting fees earned 5,130 Rent expense 43,930 Salaries expense 19,900 Telephone expense 10,780 Miscellaneous expenses 100,800 $ 5.890 26,910 9,440 5,500 750 420 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 $10,800. HELP TODAY Statement of Retained Earnings

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