1. On 1 August, Jacob Martin started a new business. During August he carried out the following transactions:

1 August: Deposited $22,000 in a newly-opened business bank account.

2 August: Bought computer equipment for $5,500 cash and inventories $7,000 on credit.

3 August: Borrowed $4,000 from a friend and deposited it in the bank.

4 August: Bought a car for $10,000 cash and withdrew $250 in cash for his personal use.

5 August: Bought additional computer equipment costing $11,000. The car bought on 4 August was given in part exchange at a value of $7,500. The balance of the purchase price for the new equipment was paid in cash.

6 August: Martin received $3,000 from a competition and paid the amount into the business bank account. He also repaid $1,500 of the borrowings.

Required:

Prepare a monthly financial analysis for the business for August.