Problem 1-3 (Part Level Submission) On June 1, 2017, Kingbird, Inc. was started with an initial investment in the company of $22,230 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $5,450 4,270 8,350 2,350 400 26,850 22,230 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,700 770 1,050 650 250 2,250 In June, the company issued no additional stock but paid dividends of $1,530. Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) Kingbird, Inc. Retained Earnings Statement