An analysis of transactions for Cullumber & Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,400 for salaries and wages, and $500 for utilities. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Cash +$14,400 -2,500 -700 +5,000 -1,100 -2,200 -650 +450 -4,400 Accounts + Receivable +$4,100 -450 + Supplies + +$700 Equipment +$6,000 Accounts Owner's Payable + Capital +$14,400 +$3,500 -1,100 +500 Owner's Drawings -$2,200 + Revenu +$9,1

An analysis of transactions for Cullumber \& Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,400 for salaries and wages, and $500 for utilities. Prepare an income statement for August 31, 2022. Assume that August is the company's first month of business