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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 Office equipment Accounts payable Common stock 25,480 Dividends 22,520 Consulting fees earned 5,390 Rent expense 44, 150 Salaries expense 20,170 Telephone expense 12,020 Miscellaneous expenses 101,800 $ 6, 140 27,140 9,710 5,730 1,030 640 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 $10,030. HELP TODAY Statement of Retained Earnings 0 $ 0

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