Payments of cash: $ 200,200 Cash balance, August 1, 2019 .$ 0 Acquisition of equipment 2,400 Cash balance, August 31, 2019.... 5,400 Dividends Retained earnings Cash receipts: I 0 Issuance (sale) of stock to owners 21,400 August 1, 2019 Rent expense... 1,700 Retained earnings Common stock. . August 31, 2019 21,400 182,900 Utilities expense. . 5,000 Equipment.... 200,200 Adjustments to reconcile net income Office supplies. .. 7,300 to net cash provided by operations 1,300 Accounts payable 8,600 Salary expense 270,800 78,800 Service revenue. 1. Prepare the balance sheet of Chernak Coffee Roasters Corp., for August 31, 2019. First prepare the balance sheet header, then complete the assets section of the statement. Finally, complete the liabilities and stockholders' equity section of the statement. (Do not classify the balance sheet into current and long-term sections. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.)