Bindy Crawford created a corporation providing legal services, Sage Hill Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $4,400; Accounts Receivable $3,900; Supplies $690; Equipment $6,400; Accounts Payable $5,600; Common Stock $8,000; and Retained Earnings $1,790. During August the following transactions occurred. Aug. 1 4 9 15 19 23 26 31 Collected $1,000 of accounts receivable due from customers. Paid $2,670 cash for accounts payable due. Performed services worth $5,990, of which $3,540 is collected in cash and the balance is due in September Purchased additional office equipment for $4,460, paying $480 in cash and the balance on account. Paid salaries $1,390, rent for August 5690, and advertising expenses $320. Paid a cash dividend of $800. Borrowed $5,250 from American Federal Bank; the money was borrowed on a 4-month note payable. Incurred utility expenses for the month on account $360. Prepare a tabular analysis of the August transactions beginning with July 31 balances. Include margin explanations for any changes in Retained Earnings. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example. Post entries in the order presented in the question.) Assets + Accounts Receivable + SAGE HILL INC. Liabilities + Equipment = Notes Payable + Accounts Payable + Common Stock + Retained Earnings + Stockholders' Equity Revenues - Expenses Cash Supplies + - Dividends July 31 Bal. Aug. 1 Prepare an income statement for August. SAGE HILL INC. Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare a retained earnings statement for August. (List items that increase retained earnings first.) SAGE HILL INC. Retained Earnings Statement Prepare a classified balance sheet at August 31. (List current assets in order of liquidity) SAGE HILL INC. Balance Sheet Assets Liabilities and Stockholders' Equity