lose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow: Assets = Liabilities + Stockholders' Equity Cash + Accounts Receivable + Supplies = Accounts Payable Common Stock - Dividends + Fees Earned Salaries Expense Rent Expense Auto Expense Supplies Expense Misc. Expense a. +38,760 +38,760 b. +3,370 +3,370 Bal. 38,760 3,370 3,370 38,760 c. +37,980 +37,980 Bal. 76,740 3,370 3,370 38,760 37,980 d. -10,500 -10,500 Bal. 66,240 3,370 3,370 38,760 37,980 -10,500 e. -1,630 -1,630 Bal. 64,610 3,370 1,740 38,760 37,980 -10,500 f. +26,700 +26,700 Bal. 64,610 26,700 3,370 1,740 38,760 64,680 -10,500 g. -7,360 -5,040 -2,320 26,700 3,370 1,740 38,760 64,680 -10,500 -5,040 -2,320 Bal. 57,250 h. -15,500 -15,500 Bal. 41,750 26,700 3,370 1,740 38,760 64,680 -15,500 -10,500 -5,040 -2,320 i. -1,900 -1,900 Bal. 41,750 26,700 1,470 1,740 38,760 64,680 -15,500 -10,500 -5,040 -1,900 -2,320 j. -9,700 -9,700 Bal. 32,050 26,700 1,470 1,740 38,760 -9,700 64,680 -15,500 -10,500 -5,040 -1,900 -2,320 Required: Stockholders' Equity Common stock 38,760 Retained earnings Total stockholders' equity Total liabilities and stockholders' Equity $ 4. Prepare a statement of cash flows for the month ending August 31, 2011. For those boxes in which no entry is required, enter "0". Use the minus sign to indicate cash outflows, cash payments, and decreases in cash. Bronco Consulting Statement of Cash Flows For the Month Ended August 31, 2011 Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors Net cash flows from operating activities Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash received from issuing common stock Cash paid for dividends Net cash flows from financing activities Net increase in cash $ Cash balance, August 1, 2011 0 Cash balance, August 31, 2011 32,050