Additional Exercise 227 (Part Level Submission) An analysis of the transactions made by Cookie Mountain Legal, a law firm, for the month of July is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liab Stockholders' Equity Retained Earnings Accounts Accounts Cash + Receivable + Supplies + Equipment = Payable + Com Stock + Rev. Exp Div 1. +$15,000 +$ 15,000 2. -2,000 +$5,000 +$3,000 3. -750 +$750 +2,500 +$6,600 +$9,100 Rev. 5. -1,500 - 1.500 6. -2,500 -$2,500 Div. -750 -$750 Rent. 8. +550 -550 -4,500 -$4,500 Sal 10. +500 -500 Util. (a) Prepare an income statement for the month ending July 31, 2015. COOKIE MOUNTAIN LEGAL Income Statement For the Month Ended July 31, 2015 $