An analysis of the transactions made by Wildhorse & Co, a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,400 for salaries and wages, and $700 for utilities. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment - Payable + Capital - Drawings $15,100 $15,100 -3,600 $6,000 $2,400 $750 5,300 $3,800 -1.100 - 1.100 6. -2,500 -$2,500 7. -650 8 350 -350 9. -4,400 10 700 1 2. 3. 4. S. -750 Assume that August is the company's first month of business. Prepare an income statement for August 31, 2020. WILDHORSE & CO Income Statement eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit