A tabular analysis of the transactions made during August 2022 bySandhill Co.during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.

Assets=Liabilities+Stockholders' EquityCash+A/R+Supp.+Equip.=Accounts Payable+Common Stock+Retained EarningsRevenues-Expenses-Dividends1.$19,600$19,6002.-1,700$5,100$3,4003.-630$6304.3,400$6,000$9,400Serv. Rev.5.-2,500-2,5006.-2,700-$2,7007.-820-$820Rent Exp.8.510-5109.-2,800-2,800Sal. Exp.10.280-280Util. Exp.

(a)

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SANDHILL CO.

Income Statement

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For the Month Ended August 31, 2022

For the Year Ended August 31, 2022

August 31, 2022

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Dividends

Expenses

Net Income / (Loss)

Retained Earnings, August 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

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$

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Dividends

Expenses

Net Income / (Loss)

Retained Earnings, August 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

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$

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Dividends

Expenses

Net Income / (Loss)

Retained Earnings, August 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

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Dividends

Expenses

Net Income / (Loss)

Retained Earnings, August 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

$

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