Using the following accounts and their amounts, prepare in good format a retained earnings statement for Bright Futures Company for the month end August 31:

Telephone Expenses $1,150 Cash 13,000 Accounts payable 1,540 Dividends 800 Fees Earned 15,700 Rent expense 1,400 supplies 140 accounts receiveable 1,500 computer equipment 20,000 common stock 10,000 Retained earnings (august 1) 14,320 Wages expense 4,800 Utilities expense 750 Notes payable 2,400 office expense 420