A tabular analysis of the transactions made during August 2022 by Oriole Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. ssets = Liabilities + Stockholders' Equity ash + A/R + Supp. + Equip. Accounts Payable Common Stock + Retained Earnings Revenues Expenses Dividends 15,200 $15,200 - 1,190 $4.940 $3.750 -700 $700 3,300 $6.000 $9.300 Serv. Rev. -1,700 -1.700 - 1,400 - $1,400 -900 -$900 Rent Exp. 380 -380 -3.400 -3,400 Sal. Exp. 230 -230 Util. Exp. Your Answer Correct Answer Your answer is correct. Prepare an income statement for August. ORIOLE COMPANY Income Statement For the Month Ended August 31, 2022 Revenues Service Revenue $ 9300 Expenses Rent Expense $ 900 i Salaries and Wages Expense 3400 i Utilities Expense 230 i Total Expenses 4530 i Net Income /(Loss) $ 4770 e Textbook and Media List of Accounte (b) Prepare a retained earnings statement for August. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement $