Using the following accounts and their amounts, prepare in good format a statement of retained earnings and balance sheet for Bright Futures Company for the month ended August 31.

Telephone expense		$1,150
Cash		3,000
Accounts payable		1,540
Dividends		800
Fees earned		15,700
Rent expense		1,400
Supplies		140
Accounts receivable		1,500
Computer equipment		17,600
Common stock		5,000
Retained earnings (August 1)		9,320
Wages expense		4,800
Utilities expense		750
Office expense		420