Create an income statement, balance sheet, statement of cash flows, and statement of stockholders equity.

August 1. Nicole invested $25,000 into her business in exchange for 5000 shares of common stock.

August 1. DunnRite Training borrowed $5,000 from Aqua Bank at an interest rate of 10%. Interest and principal payments are due in one year.

August 1. DunnRite Training purchased a six-month business insurance policy for $1,200.

August 1. DunnRite Training signed a six-month lease on a shared office for $500 per month. Nicole paid the entire amount of the lease in advance.

August 1. DunnRite Training paid $8,000 cash for training equipment purchased from IronHead Equipment. Depreciation is $200 per month.

August 7. DunnRite Training purchased $2500 in office supplies on account.

August 15. DunnRite Training received $5,000 cash for training services from August 1 - August 31

August 28. DunnRite Training received $6,000 from Wagner Enterprises, a client, for training to be performed from September 1 through February 28. An equal amount of services will be performed each month.

August 20. DunnRite Training completed $3,000 training for DunnRite Scholastic Programs on account. Payment is due in 30 days.

August 10. DunnRite Training decided to expand and begin providing logoed merchandise. The company purchased 100 logoed tank tops for $10 per tank and 100 logoed t-shirts for $12 per t-shirt. This inventory was purchased on account with payment due in 30 days.

August 25. DunnRite Training paid $2,500 in dividends.

August 31. DunnRite Training received $7,000 cash for training services from August 16 to August 31.

August 31 DunnRite sold 42 tanks during the month of August for $25 per tank and 37 t- shirts at $30 per t-shirt. All customers paid cash at the time of purchase.

August 31. Nicole completed an inventory of supplies and determined that $2,100 was on hand