An analysis of transactions for Sandhill \& Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $700 for rent, $4,500 for salaries and wages, and $300 for utilities. Assume that August is the company's first month of business. SANDHILL \& CO. Income Statement August 31, 2022 $ $ SANDHILL \& CO. Owner's Equity Statement August 31, 2022 $ $ SANDHILL \& CO. Balance Sheet August 31, 2022 Assets $ Liabilities and Owner's Equity $ Liabilities and Owner's Equity $ $ eTextbook and Media