3-3A (Part Level Submission) Cindy Braun created a corporation providing legal services, Cindy Braun Inc., on July 1, 2014. On July 31 the balance sheet showed: Cash $4,000; Accounts Receivable $6,880; Supplies $980; Equipment $9,380; Accounts Payable $8,580; Common Stock $10,580; and Retained Earnings $2,080. During August the following transactions occurred. Aug. 1 Collected $1,050 of accounts receivable due from customers. 4 Paid $2,760 cash for accounts payable due. 9 Performed services worth $5,640, of which $3,590 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,200, paying $430 in cash and the balance on account. 19 Paid salaries $1,400, rent for August $770, and advertising expenses $310. 23 Paid a cash dividend of $650. 26 Borrowed $5,190 from Standard Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $430. (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column heading should be Cash + Accounts Receivable +Supplies + Equipment = Notes Payable + Accounts Payable + Common Stock + Retained Earnings + Revenues - Expenses - Dividends. Include margin explanations for any changes in Retained Earnings. (b) Prepare an income statement for August, a retained earnings statement for August, and a classified balance sheet at August 31