An analysis of transactions for Crane & Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,700 for salaries and wages, and $500 for utilities. Accounts Accounts Owner's Cash Receivable Supplies Equipment - Payable Capital Owner's Drawings + Revenu 1 +$14,900 +$14,900 2. -1,600 +$5,000 +$3,400 3. -800 +$800 4. +5,400 +$3,700 +$9,1 5. -1,500 6. -2,900 -1,500 -$2.900 7. -650 8. +350 -350 9. -4,700 10. +500 Assume that August is the company's first month of business. Prepare an income statement for August 31, 2022. CRANE & CO. Income Statement $ eTextbook and Media Save for Later -715 Attempts: 0 of 1 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above. An analysis of transactions for Crane & Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,700 for salaries and wages, and $500 for utilities. Accounts Accounts Owner's + Cash + Receivable + Supplies Equipment = Payable + Capital Owner's Drawings + Revenu 1. +$14.900 +$14,900 2. -1,600 +$5,000 +$3,400 3. -800 +$800 4. +5,400 +$3,700 +$9.1 5. -1,500 6. -2,900 -1,500 -$2,900 7. -650 8. +350 -350 9. -4,700 10. +500 Assume that August is the company's first month of business. Prepare an income statement for August 31, 2022. CRANE & CO. Income Statement Current Attempt in Progress An analysis of transactions for Crane & Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,700 for salaries and wages, and $500 for utilities