Bindy Crawford created a corporation providing legal services, Splish Brothers Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $5,800; Accounts Receivable $5,250; Supplies $640; Equipment $7,750; Accounts Payable $6,950; Common Stock $10,750; and Retained Earnings $1,740. During August the following transactions occurred. Aug. 1 4 9 15 19 23 26 31 Collected $1,090 of accounts receivable due from customers. Paid $2,780 cash for accounts payable due. Performed services worth $6,260, of which $3,560 is collected in cash and the balance is due in September. Purchased additional office equipment for $4,190, paying $420 in cash and the balance on account. Paid salaries $1,440, rent for August $770, and advertising expenses $320. Paid a cash dividend of $640. Borrowed $5,400 from American Federal Bank; the money was borrowed on a 4-month note payable. incurred utility expenses for the month on account $380. 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 SPLISH BROTHERS INC. Liabilities Accounts Common Payable Payable Stock Cash Accounts Receivable + Notes + Supplies quipment = Stockholders' Equity Revenues Expenses + Equipment potere + acones + + Contorno + + Retained Earnings Retained + Rever + Dividends July 31 Bal. Aug. 1 Prepare an income statement for August. SPLISH BROTHERS INC. Income Statement SPLISH BROTHERS INC. Retained Earnings Statement Prepare a classified balance sheet at August 31. (List current assets in order of liquidity) SPLISH BROTHERS INC. Balance Sheet Assets Liabilities and Stockholders' Equity