Current Attempt in Progress An analysis of transactions for Crane & Co. a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,700 for salaries and wages, and $500 for utilities. Accounts Cash + Receivable + Supplies + Equipment Accounts Owner's Payable + Capital Owner's Drawings + Revenu +$14,900 1. +$14,900 2. -1,600 +$5.000 +$3,400 3. -800 +$800 4. +5,400 +$3,700 5. -1,500 6. -2,900 7. -650 8. +350 -350 9. -4,700 10. +500 Assume that August is the company's first month of business. -1,500) -$2,900 +$9.1 Prepare an income statement for August 31, 2022. CRANE & CO. Income Statement For the Month Ended August 31, 2022 Revenues Service Revenue Expenses Rent Expense 650 Salaries and Wages Expense 4700 500 Utilities Expense Total Expenses Net Income/(Loss) 9100 5850 Prepare an owner's equity statement for August 31, 2022. (List items that increase owner's equity first.) CRANE & CO. Owner's Equity Statement $