Rudy Gandolfi owns and operates Rudy's Furniture Emporium Inc. The balance sheet totals for assets, liabilities, and stockholders' equity at August 1, 2019, are as indicated. Described here are several transactions entered into by the company throughout the month of August Required: a. Indicate the amount and effect of each transaction on total assets, total liabilities, and total stockholders' equity, and then compute the new totals for each category. The first transaction is provided as an illustration. Indicate the financial statement effect b. How much were total revenues and total expenses during August? What was the amount of net income (or loss) during August? c. What were the net changes during the month of August in total assets, total liabilities, and total stockholders' equity? d. Which of the following statement(s) is/are true? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Indicate the amount and effect of each transaction on total assets, total liabilities, and total stockholders' equity, and then compute the new totals for each category. The first transaction is provided as an illustration. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect. Leave no cells blank. Enter "0" wherever necessary) Stockholders' Equity Assets Liabilities August 1, 2019 totals August 3, borrowed $50,000 in cash from the bank S 700,000 50,000 New totals $ 250.000 S $ 500,000 50.000 550,000 $ 220,000) $ 200.000 August 7 bought merchandise invertory valued at $75,000 on account New totals $ 750,000 $ 550,000 $ 200,000 August 10, paid $25,000 cash for operating expenses New totals $ 750,000 $ 550.000 $ 200,000 August 14, received $120,000 in cash from sales of merchandise that had cost 572.000 New totals $ 750.000 $ 550,000 $ 200.000 August 17, paid $60.000 owed on accounts payable i New totals 750,000 $ 550.000 $ 200 000 August 21, collected $44,000 of accounts receivable) New totals S 750,000 $ 650 000 S 200,000 August 24, repaid $30.000 to the bank: plus $1,000 interest New totals 750,000 S 550,000 1 200.000) August 29, paid Rudy Gandolfi a cash dividend of $15.000 A 11 3019 150 000 S 0 bon 3 200 000)