Prepare a retained earnings statement for August. (List items that increase retained earnings first.)

SHARON CRAWFORD INC. Retained Earnings Statement choose the accounting period For the Month Ended August 31, 2022For the Year Ended August 31, 2022August 31, 2022
select an opening name DividendsExpensesNet Income / (Loss)Retained Earnings, August 1Retained Earnings, August 31RevenuesTotal ExpensesTotal Revenues	$enter a dollar amount
select between addition and deduction AddLess: select an item DividendsExpensesNet Income / (Loss)Retained Earnings, August 1Retained Earnings, August 31RevenuesTotal ExpensesTotal Revenues	enter a dollar amount
	enter a subtotal of the two previous amounts
select between addition and deduction AddLess: select an item DividendsExpensesNet Income / (Loss)Retained Earnings, August 1Retained Earnings, August 31RevenuesTotal ExpensesTotal Revenues	enter a dollar amount
select a closing name DividendsExpensesNet Income / (Loss)Retained Earnings, August 1Retained Earnings, August 31RevenuesTotal ExpensesTotal Revenues	$enter a total amount

Sharon Crawford created a corporation providing legal services, Sharon Crawford Inc., on July 1, 2022. On July 31 the balance sheet showed Cash $4,720, Accounts Receivable $2,950, Supplies $590, Equipment $5,900, Accounts Payable $4,956, Common Stock $7,316, and Retained Earnings $1,888. During August, the following transactions occurred.

Aug. 1		Collected $1,298 of accounts receivable due from customers.
4		Paid $3,186 cash for accounts payable due.
9		Performed services worth $6,372, of which $4,248 is collected in cash and the balance is due in September.
15		Purchased additional office equipment for $4,720, paying $826 in cash and the balance on account.
19		Paid salaries $1,652, rent for August $826, and advertising expenses $413.
23		Paid a cash dividend of $826.
26		Borrowed $5,900 from American Federal Bank; the money was borrowed on a 4-month note payable.
31		Incurred utility expenses for the month on account $456.