Prepare a retained earnings statement for the current year ended June 30, 2012. Prepare a balance sheet as of June 30, 2012. What item appears on both the income statement and retained earnings statement? Rory Kalur established Computers 4 Less on February 1, 2012. The effect of each transaction and the balances after each transaction for February are shown below. Instructions Prepare an income statement for the month ended February 29, 2012. Prepare a retained earnings statement for the month ended February 29, 2012. Prepare a balance sheet as of February 29, 2012. Prepare a statement of cash flows for the month ending February 29, 2012