Assume the IslandCoffee Roasters Corp. ended the month of

August2019 with these data:

Payments of cash:

Acquisition of equipment	$202,400
Dividends	2,300
Retained Earnings August 1, 2019	0
Retained Earnings August 31, 2019	185,500
Utilities expense	5700
Adjustments to reconcile net income to net cash provided by operations	1,300
Salary expense	78,900
Cash balance August 1, 2019	0
Cash Balance, August 31, 2019	5600
Cash receipts Issuance (sale) of Stock to owners	21,200
Rent expense	1,700
Common Stock	21,200
Equipment	202,400
Office Supplies	7,500
Accounts payable	8,800
Service Revenue	274,100

First prepare the balance sheet header, then complete the assets section of the statement. Finally, complete the liabilities and stockholders' equity section of the statement. (Do not classify the balance sheet into current and long-term sections. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.)