! Required information Use the following information for Exercises 16-18 below. [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 $ 25,200 Dividends $ 5,830 Accounts receivable Office supplies 22,240 Consulting fees earned 5,080 Rent expense 26,880 9,390 Land 43,890 Salaries expense 5,450 Office equipment 19,860 Telephone expense Accounts payable Common stock 10,840 Miscellaneous expenses 100,300 690 390 Exercise 2-17 Preparing a statement of retained earnings LO P3 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.