Given the following facts, prepare a statement of retained earnings for Brindle Company, a tanning salon, for August 2010:

Balance in retained earnings at end of July, USD 188,000.

Dividends paid in August, USD 63,600.

Net income for August, USD 72,000.

The column totals of a summary of transactions for Speedy Printer Repair, Inc., as of 2010 December 31, were as follows:

Accounts payable

$60,000

Accounts receivable

90,000

Capital stock

100,000

Cash

40,000

Land

80,000

Building

50,000

Equipment

30,000

Notes payable

20,000

Retained earnings

?

Prepare a balance sheet. We have purposely listed the accounts out of order.