obj. 5 each transaction PR 1-3B Financial statements t income: Jose Loder established Bronco Consulting on August 1, 2018. The effect of $10,900 1. Net and the balances after each transaction for August follow: Stockholders' Equity Assets Liabilities+ Fees Salaries RentAuto Supplies Misc Accounts Accounts Common Cash + Receivable + Supplies = Payable + Stock -Dividends + Earned -Expense-Expense-Expense-Expense-Expense +75,000 A. +75,000 B. Bal. 75,000 . +92.000 Bal. 167,000 D. -27,000 Bal 140,000 E. 6,000 Bal. 134,000 +9,000 9.000 9,000 9,000 75,000 +92,000 92,000 9,000 9,000 75,000 27,000 -27,000 75,000 92,000 9,000 6,000 3,000 9,000 75,000 92,000 +33,000 125,000 -27,000 +33,000 Bal. 134,000 33,000 G. -23,000 Bal. 111,000 33,000 H 58,000 Bal 53,000 33,000 9,000 3,000 75,000 -27,000 -15,500 -27,000 -15,500 -7,500 -7,500 9,000 3,000 75,000 125,000 58,000 9,0003,000 75,000 6,100 2,900 3,000 75,000 25,000-58,000 27,000 -15,500 -7,500 6,100 Bal 53,000 33,000 J. 5,000 125,000 -58,000 -27,000 -15,500 -6,100 7500 5,000 Bal. 48,000 33,000 3,000 75,000 0 125,000 58,000 27000 -15,500 -6,100 2.900 6,100-7,500 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. 4. (Optional) Prepare a statement of cash flows for the month ending August 31, 2018. EXCEL TEMPLATE