MBA 503-19392- Financial Reporting & Analysis catrine Nyanrangwe & 9/227197:51 PM Homework: 1-2 My AccountingLab: Module One Homework PART Save Score: 0 of 34 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 100 pts E1-39B (book/static) Question Help o Assume the Island Coffee Roasters Corp.ended the month of August 2019 with these data om Click the icon to view the financial data) Read the requirement the box do c t o r Prepare the income statement Start with the heading and then complete the rest of the statement of a box is not used in the income statement 200) Choose from any room s and then the check 3 parte "Quick Web Access O PIC HW Score: i Data Table . .. Payments of cash: Acquisition of equipment Dividends Retained earnings August 1, 2019 Retained earnings August 31, 2019 Utilities expense Adjustments to reconcile net income to net cash provided by operations Salary expense $ 200,000 Cash balance, August 1, 2019..........$ 0 2,700 Cash balance, August 31, 2019 ....... 6,000 Cash receipts. 0 Issuance (sale) of stock to owners 13,700 Rent expense 1,800 ? Common stock 13,700 5,800 Equipment 200,000 7,500 Office supplies 8.900 1,400 Accounts payable 279 300 78.100 Service revenue iswer any a Print [Done Requirement en com pty; 1. Prepare the income statement and the statement of retained earnings of Island Coffee Roasters Corp., for the month ended August 31, 2019. Print Done own list and then click Check Answer che Clear All