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 $ 25,430 Dividends $ 6,080 Accounts receivable 22,450 Consulting fees earned 27,080 Office supplies 5,340 Rent expense 9,640 Land 44,080 Salaries expense 5,680 Office equipment 20,100 Telephone expense 970 Accounts payable. 10,480 Miscellaneous expenses 590 Common stock 102,800 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 $10,200.