P1.2 Analyze transactions and prepare Income Statement, Rotained Earnings Statement and Statement of Financial Position Crane Co. opened on July 1,2020 . On July 31, the statement of financial position showed Cash 5,600, Accounts Receivable 1,700, Supplies \( \Varangle 400 \), Equipment 6,400, Accounts Payable \( \Varangle 4,200 \), Share Capital-Ordinary 3,700, and Retained Earning of 6,200 (amounts in thousands). During August, the following transactions occurred