Compute the following retained earning statement:

Lars Linken opened Cheyenne Cleaners on March 1, 2022. During March, the following transactions were completed. Mar Issued 8,200 shares of common stock for $12,300 cash. 1 1 Borrowed $4,800 cash by signing a 6-month, 6%, $4,800 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $6,600 cash. 2 Paid $1,200 cash to cover rent from March 1 through May 31. 3 Paid $2,100 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for $1,640 on account. 14 Billed customers $3,030 for cleaning services performed. 18 Paid $410 on amount owed on cleaning supplies. 20 Paid $1,440 cash for employee salaries. 21 Collected $1,310 cash from customers billed on March 14. 28 Billed customers $3,440 for cleaning services performed. 31 Paid $290 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $740 cash dividend.