Item 1 Use the following accounts and information to prepare, in good form, an income statement and a retained earnings statement, for the month of August and a balance sheet at September 30, 2023 for Pierce Industries. You must list the various accounts and their amounts. On the income statement, be sure to list the expenses in order of magnitude (greatest to least) and on the balance sheet, assets should be in order of liquidity. Accounts payable Accounts receivable Dividends $ 1,100 5,400 $3,000 Insurance expense 1,200 Buildings, net 87,000 Supplies 1,400 Cash 18,600 Notes payable 3,300 Service revenue 39,900 Rent expense 3,400 Common stock 52,000 Salaries and wages expense 16,300 Retained earnings (beginning) 76,000 Equipment, net 36,000 PIERCE INDUSTRIES Revenues Expenses Total expenses Net income Income Statement For the Month Ended September 30, 2023 PIERCE INDUSTRIES Retained Earnings Statement For the Month Ended September 30, 2023 Retained Earnings, September 1 Add: Less: Retained Earnings, September 30 $ CA S 60 Total assets Liabilities Total liabilities Stockholders' Equity PIERCE INDUSTRIES Balance Sheet September 30, 2023 Assets Liabilities and Stockholders' Equity $ SA $ 6A Total liabilities and stockholders' equity Check figures for Item 1: Net income $19,000; Total liabilities and stockholders' equity $148,400 Item 2 Compute the missing amount in each category of the accounting equation. Be sure to label the unknown amount. Please show work. Assets (a) $243,000 Liabilities $ ? (b) $183,000 (c) S ? $ 75,000 $212,000 Stockholders' Equity $ 91,000 $ ? $310,000 SA