On August 1, 20Y9, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: a. Opened a business bank account with a deposit of $20,000 in exchange for common stock. b. Paid rent on office and equipment for the month, $3,200. c. Paid automobile expenses for month, $1,450, and miscellaneous expenses, $700. d. Purchased office supplies on account, $1,350. e. Earned sales commissions, receiving cash, $20,600. f. Paid creditor on account, $750. g. Paid office salaries, $2,600. h. Paid dividends, $4,000. i. Determined that the cost of supplies on hand was $500; therefore, the cost of supplies used was $850. Required: 1. Indicate the effect of each transaction and the balances after each transaction, using the following tabular headings: Assets = Liabilities + Stockholders Equity Accounts Common Sales Salaries Rent Auto Supplies Miscellaneous Cash + Supplies = Payable + Stock - Dividends + Commissions - Expense - Expense - Expense - Expense - Expense 2. a. Prepare an income statement for August. 2. b. Prepare a statement of stockholders equity for August. 2. c. Prepare a balance sheet as of August 31