P3.4 Prepare a tabular analysis of the August transactions beginning with July 31 balances Bindy Crawford created a corporation providing legal services, Bindy Crawford Inc., on July 1, 2022. On July 31 the balance sheet showod Cash $4,000, Accounts Receivable $2,300, Supplies $500, Equipment $5,000, Accounts Payable $4,200, Common Stock $6,200, and Retained Earings $1,600 During August, the following Insactions occurrud. Aug 1 Collected $1,100 of accounts receivable due from customers 4 Paid $2,700 cash for accounts payable due 9 Paloma savious worth $5,400, of which $3,600 is collected in cash and the balance is due in September 15 Purchased additional oflice equipment for $4,000, paying $700 in cash and the balance og sunt. 19 Paid salaries S1,400, rent fix August $700, and advertising expenses 5.150). 23 Paid a cash dividend of $700.26 Borrowed $5,000 from America Federal Bank, the money was bomowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $380. - Stockholders' Equity Assets Accounts Receivable + 2,500 S Notes l'ayable BINDY CRAWFORD INC. Liabilities + Accounts + Pavable + + S 4,200 + 5 Dule 7/31 $ Explanation Cash 4,000+ S Supplies 500 Common Stock 6.2 6,200 Equipinent $ 5,000 Retained Earnings S1,600 Expenses Revenues Dividends 8!! 4 9 15 19 23 26 31 Checking total: ending cash balance-57,150 Prepare an income statement for August, a retained earnings statement for August, and a classified balance sheet at August 31. BINDY CRAWFORD INC. Income Statement For the Month Ended August 31, 2022 BINDY CRAWFORD INC. Balance Sheet August 31, 2022 Assets Revenues 4 Expenses 5 6 7 81 ol 101 Liabilities and Stockholders' Equity 11 Net income 12 BINDY CRAWFORD INC. Retained Eamings Statement For the Month Ended August 31, 2022 1 2 3 Checking totals: Net income $2,570 Ret. earnings $3,470