An analysis of transactions for Sheffield Corp., 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 + Stockhol Accounts + Receivable + Supplies + Cash Accounts Payable Equipment Common Stock + + Revenues Expense 1. $14,350 $14,350 2 - 2.200 $5,700 $3,500 -650 $650 4. 3,400 $4,200 $7,600 5. - 1.200 - 1.200 6. - 1,600 7. 650 -565 350 -350 as o 4.100 -4,10 10. 450 -45 MacBook Air Prepare an retained earnings statement for August. (List Items that increase retained earnings first.) Sheffield Corp. Retained Earnings Statement August 31, 2022 $ $ IS Liabilities + Stockholders' Equity Retained Earnings Expenses - Dividend Accounts Payable Supplies - Equipment Common Stock + + Revenues $14,350 $5,700 $3,500 $650 $7,600 Service Revenue - 1.200 $1,600 $650 Rent Expense -4.100 Salaries/Wages Exper 450 -450 Utilities Expense