Bindy Crawford created a corporation providing legal services, Sage Hill Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $ 5,500; Accounts Receivable $ 4,050; Supplies $ 860; Equipment $ 6,550; Accounts Payable $ 5,750; Common Stock $ 9,250; and Retained Earnings $ 1,960. During August the following transactions occurred. Aug. 1 Collected $ 1,140 of accounts receivable due from customers. 4 Paid $ 2,620 cash for accounts payable due. 9 Performed services worth $ 5,560, of which $ 3,590 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $ 4,070, paying $ 410 in cash and the balance on account. 19 Paid salaries $ 1,300, rent for August $ 720, and advertising expenses $ 330. 23 Paid a cash dividend of $ 680. 26 Borrowed $ 5,600 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $ 420. (61) Prepare an income statement for August. SAGE HILL INC. Income Statement August 31, 2022 Revenues Less expense $ $ A >