An analysis of the transactions made by Foley & Co., a certified public accounting firm, for the month of August, its first month of operations is shown below. Assets Liabilities Stod Accounts Receivable Supplies Equipment Accounts Payable Common Stock *$15,000 Revenues EN +$5,000 +$3,000 +$750 Cash +$15,000 -2.000 - 750 +4,900 - 1.500 -2,000 -850 +450 -3.900 + $4,500 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. +$9.400 -1500 -450 +500 Liabilities Stockholders' Equity Retained Earnings Accounts Payable + Equipment Common Stock +$15,000 Revenues Expenses Dividend +$5,000 +$3.000 50 +$9,400 Service Revenue -1.500 -$2,000 -$850 Rent Expense +500 -3.900 -500 Salaries/Wages Expense Utilities Expense (b) Prepare an retained earnings statement for August. (List items that increase retained earnings first.) Foley & Co. Retained Earnings Statement $ e Textbook and Media Prepare a balance sheet at August 31, 2020. (List Assets in order of liquidity) Foley & Co. Balance Sheet Assets Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity 3r $ $ boo $