net income=3380

re=6880

Calculate the ending balances for total assets, total liabilities, and total shareholders' equity at August 31. Ending balance for total assets th Ending balance for total liabilities t Ending balance for total shareholders' equity $ An equation analysis of the transactions incurred by Cullumber Ltd. during August 2018 is shown below. Opening balances at July 31 are included as is a brief annotation beside each increase and decrease in shareholders' equity during August. Assets = Liabilities Shareholders' Equity Retained Earnings Common Unearned * Shares + Sup. + Equipment = + Revenue + + July 31 Bal. $4,500 A/R $4,800 Rev. - Exp. - Div. A/P $2,200 $4,800 +1,100 +5,500 +4,400 +820 +5,300 +9,000 Service revenue Cash + July 31 Bal. $6,700 +1,100 (2) -1,100 (3) -820 +3,700 (5) -2,200 -1,000 -4,500 +4,800 (9) -310 -810 -2,200 DOBO - 1,000 Dividends declar Operating expen: -4,500 -4,800 -310 -810 Interest expense Income tax exper Calculate net income for the month of August and retained earnings at August 31. Net income Retained earnings $