PR 1-38 Financial statements Obj. V 1. Net income: Jose Loder established Bronco Consulting on August 1, 2018The effect of each transaction 10,900 and the balances after each transaction for August follow -Liabilities+ entAutoSupplies Misc ashReceivable Supplies Payable Stock -Didends+Earned Expense Expense-Expense-Expense Expens A +75,000 75,000 9,000 9000 Bal 75,000 +92,000 Bal 167,000 D -27000 Bal 140,000 000 75,000 92,000 9,000 ,000 75,0 92,000 27,000 -27,000 9,000 000 75,000 92,000 -27,000 Bal 134,000 F. Bal 134,000 3,000 75,000 75,000 92,000 33,000 1 25,000 000 +33,000 9000 3,000 -27,000 I5 500 27,000-15.500 -7.500 Bal 111,000 33,000 H. 58,000 Bal 53,00033,000 3,000 75,000 125,000 -7.500 8000 9,000 100 3,000 75,000 25,000 58000 -27,000-15,500 -7,500 Bal 53,000 33,000 000 75,000 125,000 -27,000 -ISS00 100-7S00 5,000 Bal 48 58,000 -27,000-15,500 -6,100 -7,500 1. Prepare an income statement for the month ended August 31, 2018 2. Prepare a retained earnings statement for the month ended August 31, 2018. 3, Prepare a balance sheet as of August 31, 2018. NCL TEMPLATE COptional) Prepare a statement of cash flows for the month ending August 31, 2018