Instructions On August 1, 2019, Brooke Kine establshed Westor Roalty. Brooke completed the following transactions during the month of August: a. Opened a business bank account with a deposit of $23,000 in exchange for common stock b. Paid rent on office and equipment for the month. $2,900. c. Pald automobile expenses for month, $1,400, and miscellaneous expenses, $600. d. Purchased office supplies on account, $1,350. e. Eamed sales commissions, receiving cash. 518,200. 1. Paid creditor on account, $700 9. Pald office salaries, $3,300 n. Paid dividends $3,500 Determined that the cost of supples on hand was $300; therefore, the cost of supplies used was 51,050. Required: 1. Indicate the effect of each transaction and the balancos after each transaction, using the tabular headings in the exhibit below In each transaction row frows indicated by a letter), you must indicate the math sign (tor) In columns affected by the transaction. You will not need to enter math signs in the balance rows (rows indicated by Bal.). Entries of 0 (2010) are not required and will be cleared it entered. enter math signs in the balance rows (rows indicated by Bal.). Entries of 0 (2010) are not required and will be cleared Ionterad. Assets = Liabilities Stockholders'Equity Accounts Common Sales Salaries Rent Auto Supplies Miscellaneous Cash Supplies - Payable + Stock Dividends + Commissions. Expense Expense - Expense - Expense Expense 2. a. Prepare an income statement for August. Refer to the list of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. You will not need to enter colons c) on the income statement. If a ner loss has been incurred enter that amount as a negative number using a minus sign. 2.6. Prepare a statement of stockholders' equity for August. Refer to the list of Accounts Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Ita net toss is incurred or dividends were pakt, enter that amount as a negative number using a minus sign. If an amount is zero, enter to 2... Prepare a balance sheet as of August 31. Refer to the Nst of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading