An analysis of the transactions made by Blossom Company, a certified public accounting firm, for the month of August, its first month of operations is shown below. Assets Liabilities Stockholders' Equity Retained Earnings +Revenues Expenses Dividend Accounts Accounts Common Cash + Receivable +Supplies + Equipment Payable Stock 1. +$14,700 +$14,700 2 -2,200 +$5,200 +$3,000 3. -800 +$800 +5,200 4. +$3,800 +$9,000 Service Revenue 5. -1,700 -1,700 6. -3,000 -$3,000 7 -800 -$800 Rent Expense 8 +500 -500 9. -4,150 -4,150 Salaries/Wages Expense 10. +650 -650 Utilities Expense Prepare an income statement for August Blossom Company Income Statement