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 Accounts receivable Office supplies Land office equipment Accounts payable Common stock 25,410 Dividends 22,420 Consulting fees earned 5,320 Rent expense 44,050 salaries expense 20,060 Telephone expense 10,510 Miscellaneous expenses 102,500 $ 6,50 27,060 9,610 ,65e 56e Land office equipment Accounts payable Common stock 44,95 Salaries expense 20,60 Telephone expense 10,510 Miscellaneous expenses 102, 510 2 of 3 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 $10,300. 01:21:31 HELP TODAY Statement of Retained Earnings Book erences