P3.3 (LO 1, 2), AP Bindy Crawford created a corporation providing legal services, Bindy Crawford Inc., on July 1, 2025. On July 31 the balance sheet showed Cash \$4,000, Accounts Receivable \$2,500, Supplies \$500, Equipment \$5,000, Accounts Payable \$4,200, Common Stock \$6,200, and Retained Earnings \$1,600. During August, the following transactions occurred. Aug. 1 Collected $1,100 of accounts receivable due from customers. 4 Paid $2,700 cash for accounts payable duc. 9 Performed services worth $5,400, of which $3,600 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,000, paying $700 in cash and the balance on account. 19 Paid salaries $1,400, rent for August $700, and advertising expenses $350. 23 Paid a cash dividend of $700. 26 Borrowed \$5,000 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $380. Instructions a. Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column heading should be Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Common Stock + Retained Earnings + Revenues - Expenses - Dividends. Include margin explanations for revenues and expenses. Cash $7,150 b. Prepare an income statement for August, a retained earnings statement for August, and a classified balance sheet at August 31 . Net income $2,570 Ret, earnings $3,470