Trying to figure out where i went wrong on this assignment; what is retained earnings with respect to an equation and the total equity of the shareholders?

Financial Statements Jose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow: Assets Liabilities + Stockholders' Equity Accounts Accounts Common Auto Cash + + Supplies = + - Dividends + Fees Earned Salaries Expense Rent Expense Supplies Expense Misc. Expense Receivable Payable Stock Expense a. +45,430 +45,430 b. +3,950 +3,950 Bal. 45,430 3,950 3,950 45,430 C. +44,520 +44,520 Bal. 89,950 3,950 3,950 45,430 44,520 d. -12,300 -12,300 Bal. 77,650 3,950 3,950 45,430 44,520 -12,300 e. -1,910 -1,910 Bal. 75,740 3,950 2,040 45,430 44,520 -12,300 f. +31,300 +31,300 Bal. 75,740 31,300 3,950 2,040 45,430 75,820 -12,300 g. -8,630 -5,910 -2,720 Bal. 67,110 31,300 3,950 2,040 45,430 75,820 -12,300 -5,910 -2,720 h. -18,200 -18,200 Bal. 48,910 31,300 3,950 2,040 45,430 75,820 -18,200 -12,300 -5,910 -2,720 i. -2,300 -2,300 Bal. 48,910 31,300 1,650 2,040 45,430 75,820 -18,200 -12,300 -5,910 -2,300 -2,720 j. -11,400 -11,400 Bal. 37,510 31,300 1,650 2,040 45,430 -11,400 75,820 -18,200 -12,300 -5,910 -2,300 -2,720 1. Prepare an income statement for the month ended August 31, 20Y1. Bronco Consulting Income Statement For the Month Ended August 31, 2011 Fees earned 75,820 Expenses: Salaries expense 18,200 Rent expense 12,300 Auto expense 5,910 Supplies expense 2,300 Miscellaneous expense 2,720 41,430 Total expenses Net income 34,390 2. Prepare a statement of stockholders' equity for the month ended August 31, 20Y1. If an answer i paid, enter that amount as a negative number using a minus sign. Bronco Consulting Statement of Stockholders' Equity For the Month Ended August 31, 2041 Common Stock Retained Earnings Total Balances, August 1, 2011 0 0 0 Issued common stock 45,430 0 45,430 Net income 0 34,390 34,390 Dividends 0 -11,400 -11,400 Balances, August 31, 2011 45,430 22,990 68,420 3. Prepare a balance sheet as of August 31, 20Y1. When entering assets, enter them in order of liquidity. Bronco Consulting Balance Sheet August 31, 2011 Assets Cash 37,510 Accounts receivable 31,300 Supplies 1,650 Total assets 70,460 Liabilities Accounts payable 2,040 Stockholders' Equity Common stock $ 45,430 Retained earnings 20,950 Total stockholders' equity 66,380 Total liabilities and stockholders' Equity $ 70,460 4. Prepare a statement of cash flows for the month ending August 31, 20Y1. For those boxes in which no entry is required, enter "O". Use the minus sign to indicate cash outflows, cash payments, and decreases in cash. Bronco Consulting Statement of Cash Flows For the Month Ended August 31, 2011 Cash flows from (used for) operating activities: Cash received from customers 37,510 Cash paid for expenses and to creditors 1,650 Net cash flows used for operating activities x 75,820 Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash received from issuing common stock 45,430 Cash paid for dividends -11,400 Net cash flows from financing activities 70,460 Net increase in cash 70,460 Cash balance, August 1, 2011 0 Cash balance, August 31, 2011 70,460