An analysis of transactions for Cullumber Company, a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Assets = Liabilities + Stockholders' Equity Retained Earnings Accounts Cash + Receivable + Supplies Equipment = Accounts Payable Common Stock + Revenues Expenses Dividend 1. +$14,000 +$14,000 2. -2,000 +$4,000 +$2,000 3. -650 +$650 4. +4,600 +$2,900 5. -1,000 +$7,500 -1,000 Service Revenue 6. -1,000 7. -650 -$1,000 -$650 Rent Expense 8. +350 -350 9. -3,800 10. -3,800 Salaries/Wages Expense +300 -300 Utilities Expense (a1) Prepare an income statement for August. Cullumber Company Income Statement $