Prepare a retained earnings statement for August. (List items that increase retained earnings first.) SARAH CRAWFORD INC. Retained Earnings Statement V List of Accounts SARAH CRAWFORD INC. Balance Sheet Assets $ Liabilities and Stockholders' Equity View Policies Current Attempt in Progress 4 Sarah Crawford created a corporation providing legal services, Sarah Crawford Inc., on July 1, 2022. On July 31 the balance sheet showed Cash $4,960, Accounts Receivable $3,100, Supplies $620, Equipment $6,200, Accounts Payable $5,208, Common Stock $7,688, and Retained Earnings $1,984. During August, the following transactions occurred. Aug. 1 Collected $1,364 of accounts receivable due from customers, Paid $3,348 cash for accounts payable due Performed services worth $6,696, of which $4,464 is collected in cash and the balance is due in September Purchased additional office equipment for $4.960, paying $868 in cash and the balance on account Paid salaries $1,736, rent for August $868, and advertising expenses 5434 Paid a cash dividend of $868. Borrowed 56.200 from American Federal Bank the money was borrowed on a 4-month note payable Incurred utility expenses for the month on account $480. 9 15 19 23 26 31 Prepare a tabular analysis of the August transactions beginning with July 31 balances. Include margin explanations for any changes in revenues or expenses (if a transaction results in a decrease in Assets, Liabilities or Stockholders Equity placed negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced. Post entries in the order presented in the question)