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 Cash + + Supplies + Equipment Accounts Payable Common Stock + + Revenues Expense 1. $14,350 $14,350 2. - 2.200 $5,700 $3,500 3. -650 $650 3,400 $4,200 $7,600 4. 5. 6. -1,200 -1,200 - 1,600 7 650 $65 350 350 -350 9. -4.100 -4,10 10 450 -45 MacBook Air Sheffield Corp. Income Statement August 31, 2022 Teython and Media Income Statement August 31, 2022 $ Dividends Expenses Net Income /(Loss) Retained earnings, August 1 Retained earnings, August 31 Revenues Total Expenses Total Revenues Investment e Textbook and Media MacBook Air Sherheld Corp. Income Statement August 31, 2022 $ $ Dividends Expenses Net Income /(Loss) Retained earnings, August 1 Retained earnings, August 31 Revenues Total Expenses Total Revenues Investment e Textbook and Media Income Statement August 31, 2022 $ Dividends Expenses Net Income (Loss) Retained earnings, August 1 Retained earnings, August 31 Revenues Total Expenses Total Revenues Investment MacBook Air Question 14 of 15 Shernel Corp. Income Statement August 31, 2022 $ Dividends Expenses Net Income /(Loss) Retained earnings, August 1 Retained earnings, August 31 Revenues Total Expenses Total Dance Question 14 of 15 - 75 E Liabilities + Accounts Supplies - Equipment - Payable Stockholders'Equity Retained Earnings Expenses - Dividend 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 Prepare an income statement for August MacBook Air