E3-4 A tabular analysis of the transactions made during August 2014 by Colaw Company during its fiast month of opcrations is shownm below, Each increase and decrease in stockholders equity is explained Assets Liabilities 1 Stockholders Accounts Common Retained Earnings Cash 1 A/R I Supp 1 Equip. 3 Payable 1 Stock 1 Rev. 2 Exp. 2 Div 1, 1520,000 1520,000 Com Stock 2. 21,000 135,000 184,000 3. 2750 15750 4. 14,100 IS5,400 159,500 Serv. Rev 5. 21,500 21.500 6. 22,000 252,000 Di 7. 2800 25 800 Reet E 8. 1450 2450 9, 23,000 23,000 Salar. E 10. 1300 2300 Util. Exp (a) Describe each transaction b) Determine how much stockholders' equity increased for the month (e) Compute the net income for the month I. The company issued shares of stock to stockholders for $20,000cah 2. The company purchased $5,000 equipment on account with $1,000 paid in cash accruing a balance of $4,000 The company paid $750 for supplies . The company receives $4,100 of cash in exchange for services performed, along with billing $5,400 from the customer of services .The company paid $1,500 with cash on accounts payable 6. The company paid a$2,000 dividend .The company paid $800 for this month remt 8. The coempany 9.The company pays the carnings of employees in salaries of $3,000, 0. The company pays $300 on utilities account collects S$450 from a customer The stockholders equity incrcased $3.400. Which is calculated from assets minus liabilitics The net income is $$,400. Which is revenues maas expenses E3-5 The tabular s of transactions for Colaw C is presemted in E3-4 Propare an income statement and a rtained carnings statement for August and a cl balance sheet at August 31, 2014