Statement of Retained Earnings
			Kipuka Wai, Inc.
			1999-2005
					2005		Startup 1998
	Balance of retained earnings				$0		$0
	or (loss) at year beginning
	Plus or minus earnings or (loss)				($2,282)		$0
	during year
	Balance of retained earnings				($2,282)		$0
	or (loss) at year end
			Sources and uses of funds
			Kipuka Wai, Inc.
			1999-2005
					2005		Startup 1998
	Sources of funds
	Cash from stockholders				$1,752		$1,000
	Cash decrease				$530		$0
	Total sources				$2,282		$1,000
	Uses of funds
	Cash expenses				$2,282		$0
	Cash increase				$0		$0
	Total uses				$2,282		$0