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Item 1 Use the following accounts and information to prepare, in good form, an income statement and a retained earnings statement, for the month of August and a balance sheet at August 31, 2022 for Pierce Industries. Accounts payable $ 1,100 Dividends $3,000 Accounts receivable 5,400 Insurance expense 1,200 Buildings 63,000 Supplies 1,400 Cash 18,600 Notes payable 3,300 Service revenue 25,700 Rent expense 3,400 Common stock 52,000 Salaries and wages expense 12,000 Retained earnings (beginning) 25,900 PIERCE INDUSTRIES Income Statement For the Month Ended August 31, 2022 Revenues Expenses Total expenses Net income PIERCE INDUSTRIES Retained Earnings Statement For the Month Ended August 31, 2022 $ Retained Earnings, August 1 Add: Less: Retained Earnings, August 31 $ PIERCE INDUSTRIES Balance Sheet August 31, 2022 Assets $ Total assets Liabilities and Stockholders' Equity Liabilities $ $ Stockholders' Equity Total liabilities and stockholders' equity Item 2 Compute the missing amount in each category of the accounting equation. Liabilities Assets $243,000 $183,000 S? Stockholders' Equity $ 91,000 (a) (b) $_? $ 75,000 $212.000 $310,000