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 25,390 Dividends 22,390 Consulting fees earned 5,280 Rent expense 44,030 Salaries expense 20,030 Telephone expense 10,580 Miscellaneous expenses 102,200 $ 6,030 27,020 9,580 5,630 900 540 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 $10,370. HELP TODAY Statement of Retained Earnings