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 + Stockholders' Equity Accounts Accounts Common Salaries Rent Auto Cash + + Supplies = + - Dividends + Receivable Payable Stock Earned Expense Expense Expense a. +39,290 +39,290 Fees Supplies Misc. . Expense Expense b. +3,420 +3,420 Bal. 39,290 3,420 3,420 39,290 c. +38,500 +38,500 Bal. 77,790 3,420 3,420 39,290 38,500 d. -10,600 -10,600 -10,600 Bal. 67,190 3,420 3,420 39,290 38,500 e. -1,650 -1,650 Bal. 65,540 3,420 1,770 39,290 38,500 -10,600 f. +27,100 +27,100 Bal. 65,540 27,100 3,420 1,770 39,290 65,600 -10,600 g. -7,470 -5,110 -2,360 Bal. 58,070 27,100 3,420 1,770 39,290 65,600 -10,600 -5,110 -2,360 h. -15,700 -15,700 Bal. 42,370 27,100 3,420 1,770 39,290 65,600 -15,700 -10,600 -5,110 -2,360 i. -2,000 -2,000 Bal. 42,370 27,100 1,420 1,770 39,290 65,600 -15,700 -10,600 -5,110 -2,000 -2,360 j. -9,800 -9,800 Bal. 42,370 27,100 1,420 1,770 39,290 65,600 -15,700 -10,600 -5,110 -2,000 -2,360 j. -9,800 -9,800 Bal. 32,570 27,100 1,420 1,770 39,290 -9,800 65,600 -15,700 -10,600 -5,110 -2,000 -2,360 Required: 1. Prepare an income statement for the month ended August 31, 20Y1. Bronco Consulting Income Statement For the Month Ended August 31, 20Y1 Expenses: Total expenses 2. Prepare a statement of stockholders' equity for the month ended August 31, 20Y1. If an answer is zero, enter "O". If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Bronco Consulting Statement of Stockholders' Equity For the Month Ended August 31, 20Y1 Common Stock Retained Earnings Total 3. Prepare a balance sheet as of August 31, 20Y1. When entering assets, enter them in order of liquidity. Bronco Consulting Balance Sheet August 31, 20Y1 Assets Total assets $ lid Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' Equity $ 4. Prepare a statement of cash flows for the month ending August 31, 20Y1. For those boxes in which no entry is required, enter "O". Use the minus sign to indicate cash outflows, cash payments, and decreases in cash. Bronco Consulting Statement of Cash Flows For the Month Ended August 31, 20Y1 Cash flows from (used for) operating activities: $ Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: $