Financial Statements Jose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow: Assets Liabilities + Cash + Accounts Receivable + Supplies Accounts Payable + Common Stock Dividends + Fees Earned Stockholders' Equity Salaries Rent Auto Expense Expense Expense Supplies Expense Misc. Expense a. +35,100 +35,100 b. +3,050 +3,050 Bal. 35,100 3,050 3,050 35,100 C. +34,400 +34,400 Bal. 69,500 3,050 3,050 35,100 34,400 d. -9,500 -9,500 Bal. 60,000 3,050 3,050 35,100 34,400 -9,500 e. -1,470 -1,470 Bal. 58,530 3,050 1,580 35,100 34,400 -9,500 f. +24,200 +24,200 Bal. 58,530 24,200 3,050 1,580 35,100 58,600 -9,500 g. -6,670 -4,560 -2,110 Bal. 51,860 24,200 3,050 1,580 35,100 58,600 -9,500 -4,560 -2,110 h. -14,000 -14,000 Bal. 37,860 24,200 3,050 1,580 35,100 58,600 -14,000 -9,500 -4,560 -2,110 i. -1,800 -1,800 Bal. 37,860 24,200 1,250 1,580 35,100 58,600 -14,000 -9,500 -4,560 -1,800 -2,110 j. -8,800 -8,800 Bal. 29,060 24,200 1,250 1,580 35,100 -8,800 58,600 -14,000 -9,500 -4,560 -1,800 -2,110 Required: 1. Prepare an income statement for the month ended August 31, 20Y1.