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On August 1, 20Y9, Brooke Kline established Western Realty. Brooke completed the tollowing transactions during the month of August: a. Opened a business bank account with a deposit of $24,000 in exchange for common stock. b. Purchased office supplies on account, $2,200. c. Paid creditor on account, $1,250. d. Earned sales commissions, receiving cash, $42,000. e. Paid rent on office and equipment for thwmonth, $3,500. f. Paid dividends, $3,200. g. Paid automobile expenses for month, $3,200, and miscellaneous expenses, $1,900. h. Paid office salaries, $4,400. 1. Determined that the cost of supplies on hand was $800; therefore, the cost of supplies used was $1,400. 1. Indicate the effect of each transaction and the balances affer each transaction, using the following fabular headings. 2. a. Prepare an income statement for August. 2. b. Prepare a statement of stockholders' equity for Adgust. 2. C. Prepare a balance sheet as of August 31. Afrosentong. Eouafoo Frid mistuctons duracuad sasn yom AW yasub arow if Statement of Stockholders' Equily 2. D. Prepare ar stalement of stockhoiders equily for August. shused celis base nisagar 8 Queatian not attempted. Westein Realfy Sceee: prta Statement of S1ockhoidets Eqaty (Lishei) kx My Work 3 mose Check My Work uses rernaining 2. c. Prepare a balances sheet as of August 31 Balance Shect instructipns Aunation mat attemnted