Abraham Shelton recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Abraham Shelton, CPA. Shelton experienced the following events during the organizing phase of the new business and its first month of operations in 2024: (Click the icon to view the transactions.) Read the requirements. Requirements 4/5 4/6 Bal. 4/7 Bal. 4/10 Bal. Cash + A/R +++++++ 1. Analyze the effects of the events on the accounting equation of Abraham Shelton, CPA. Use the following accounts: Cash, Accounts Receivable, Office Supplies, Furniture, Accounts Payable, Common Stock, Dividends, Service Revenue, Rent Expense, and Utilities Expense. 2. Prepare the following financial statements: a. Income statement for the month ended April 30, 2024. b. Statement of retained earnings for the month ended April 30, 2024. c. Balance sheet as of April 30, 2024. Print Done