Requirement 1. Prepare Carmella Communications's statement of retained earnings for the year ended July 31, 2018. Assume that there were no dividends declared during the year and that the business began on August 1, 2017. (Enter a "0" for any zero balances. Include only applicable transactions during the period.) Carmella Communications Statement of Retained Earnings Year Ended July 31, 2018 Retained Earings, August 1, 2017 Retained Earnings, July 31, 2018 1. Prepare Carmella Communications's statement of retained earnings for the year ended July 31, 2018. Assume that there were no dividends declared during the year and that the business began on August 1, 2017 2. Prepare Carmella Communications's classified balance sheet at July 31, 2018. Use the report format