Net income: $10.900 PR 1-3B Financial statements Obj. 5 Jose Loder established Bronco Consulting on August 1, 2018. The effect of cach transaction and the balances after each transaction for August follow: Assets Liabilities Accounts Account + Receivable + Supplies - Puyable + Commen Stock +75.000 Stockholders'Equity Fees Sataries Rent Earned - Expense - Expen - Dividends + Auto Supplies Misc -Expense-Expense - Expense Cash +75.000 92,000 92.000 167,000 -7000 -27,000 -27,000 140.000 000 134.000 -27,000 +33,000 75,000 125,000 - 27,000 -15.500 -2.500 75.000 78.000 33.000 75,000 -27,000 -15.500 -7.500 -5.000 31.000 -58,000 -27,000 -15.500 -7,500 3.100 33,000 -58,000 -27,000 -15,500 -4,100 -7.500 5.000 12.000 23.000 3.000 13.000 5.000 -27000 -15.500 5,100 -7.500 Instructions 1. Prepare an income statement for the month ended August 31, 2018 2. Prepare a retained earnings statement for the month ended August 31, 2018 3. Prepare a balance sheet as of August 31, 2018 . (Optional Prepare a statement of cash flows for the month ending August 31, 2018 1000