1. Net income $10,900 PR 1-38 Financial statements Jose Loder established Bronco Consulting on August 1, 2019. The effect of each transac tion and the balances after each transaction for August follow: Owners Evalt) IT IT IT 3.000 - 27,000 -15.500 5100 -7.500 Instructions 1. Prepare an income statement for the month ended August 31, 2019. Instructions 1. Prepare an income statement for the month ended August 31, 2019. 2. Prepare a statement of owner's equity for the month ended August 31, 2019. balance sheet as of August 31, 2019