On August 3, Gold Co. was formed when the owner contributed $30,214 in assets in exchange for its common stock to launch the business. On August 31, the company's records show the following items and amounts. Retained Earnings as of August 1 is $0. Cash $ 3,803 Cash dividends $ 3,750 Accounts receivable 3,825 Sales 19,350 Office supplies 1,836 Rent expense 2,950 Land 20,709 Salaries expense 3,500 Office equipment 8,487 Utilities Expense 1,750 Accounts payable 4,176 Interest Expense 45 Common stock 38.214 Cost of Goods Sold 6,870 Instructions: Prepare an income statement for Gold Co. for the month ended August 31.