An analysis of the transactions made by Pharoah Company, a certified public accounting firm, for the month of August, its first month of operations is shown below. Each change in revenues or expenses is explained. Stoc Assets Accounts + Receivable + Supplies + Liabilities + Accounts Payable Equipment + Common Stock $14,600 Revenues Exp $4,300 $2,500 $750 $3,500 Cash $14,600 -1,800 -750 5,100 - 1,000 -1.900 -700 350 -4,000 1 2 3 4. 5. 6. 7 8. 9. 10. $8,600 -1,000 -350 550 An analysis of the transactions made by Pharoah Company, a certifed public accounting firm, for the month of August, its first month of operations is shown below. Each change in revenues or expenses is explained. Liabilities Accounts Payable Stockholders' Equity Retained Earnings Expenses Dividend BS Common Stock $14,600 Equipment Revenues $4,300 $2.500 30 $8,600 Service Revenue - 1.000 -51.900 -$700 Rent Expense -4,000 -550 Salaries/Wages Expense Utilities Expense 550 Prepare an income statement for August Pharoah Company Income Statement $ Prepare an retained earnings statement for August. (Listitems that increase retained earnings first) Pharoah Company Retained Earnings Statement > $ Prepare a balance sheet at August 31, 2017. (ListAssets in order of oudty) Pharoah Company Balance Sheet Assets $ Liabilities and Stockholders' Equity $ $