ons and prepare an retained earnings lance sheet. GLS P3.3A (LO 1, 2), AP Bindy Crawford created a corporation providing legal services, Bindy Crawford Inc., on July 1, 2022. On July 31 the balance sheet showed Cash $4,000, Accounts Receivable $2.50 Supplies $500, Equipment $5,000, Accounts Payable $4,200, Common Stock $6,200, and Retaine Earnings $1,600. During August, the following transactions occurred. Aug. 1 4 Excel 9. $7,150 $2,570 $3,470 15 19 222 23 26 31 Instructions Collected $1,100 of accounts receivable due from customers. Paid $2,700 cash for accounts payable due. Performed services worth $5,400, of which $3,600 is collected in cash and the balance due in September. Purchased additional office equipment for $4,000, paying $700 in cash and the balance on account. Paid salaries $1,400, rent for August $700, and advertising expenses $350. Paid a cash dividend of $700. Borrowed $5,000 from American Federal Bank; the money was borrowed on a 4-month note payable. Incurred utility expenses for the month on account $380. a. Prepare a tabular analysis of the August transactions beginning with July 31 balances. The colum heading should be Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Common Stock + Retained Earnings + Revenues - Expenses - Dividends. Include margi explanations for any changes in Retained Earnings. b. Prepare an income statement for August, a retained earnings statement for August, and a classified balance sheet at August 31.