Kimmel, Financial Accounting, 8e Exercise 3-5 A tabular analysis of the transactions made during August 2017 by Sheridan Company during its first month of operations is shown below. Each increase and Liabilities+ Stockholders' Equity Retained Earnings Revenues Expenses Dividends Cash + A/R Supp. + Equip. Accounts Payable + Common Stock + (1) $18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 (4) (5) 2,500 (6) 1,300 4,500 $5,400 $9,900 Serv. Rev -2,500 -$1,300 Div -$790 -790 410 Rent Exp. -410 (9) 4,000 (10) -4,000 -220 Sal. Exp. Util. Exp. 220 Prepare an income statement for August. SHERIDAN COMPANY US Kimmel, Financial Accounting, Be you will learn while you earm points based on the Point Potential Policy set by your