Accounts Payable Accounts Receivable Cash (balance on September 1, 2017) Cash (balance on August 31, 2018) Common Stock Dividends Equipment Notes Payable Office Expenses Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Supplies Utilities Expense $ 151,000 21,000 81,000 86,000 100,000 10,000 761,000 36,000 125,000 56,000 416,000 985,000 176,000 1,762,000 37,000 560,000 $ Other cash flow information: Additional investments by stockholders Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borrowings Cash received from customers Cash received from borrowings Dividends paid in cash 40,000 50,000 1,510,000 161,000 1,691,000 5,000 10,000 1. Prepare an income statement for the fiscal year ended August 31, 2018. CHEESE FACTORY INCORPORATED Income Statement 34:11 OK 0 ences 0