Required information [The following information applies to the questions displayed below Part 2 of 3 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 points Cash Accounts receivable office supplies Land office equipnent Accounts payable $ 25 36e Consulting fees earned 22,160 Rent expense 5,250 Salaries expense 44,e00 Telephone expense 20,000 Misce1laneous expenses 10,500 Common stock 6,e08 $ 27,000 9.5se s,600 eBook 860 520 182,eee Dividends Hint Ask Use the above information to prepare an August statement of retained earnings for Help Today. (Hint. Net income for August is $10,470.) Print HELP TODAY Statement of Retained Earmings References Retained earnings, August 1 S 10 470 Add: Net income 10 470 20,940 Less Dividends 6,000 14,940 00