Prepare an income statement for august. Barbara Crawford created a corporation providing legal services, Barbara Crawford Inc., on July $1,2027.$ On July $31$ the balance sheet showed Cash $$3,440,$ Accounts Receivable $$2,150,$ Supplies $$430,$ Equipment $$4,300,$ Accounts Payable $$3,612,$ Common Stock $$5,332,$ and Retained Earnings $$1,376.$ During August, the following transactions occurred.

Aug. $1$ Collected $$946$ of accounts receivable due from customers.

$4$ Paid $$2,322$ cash for accounts payable due.

$9$ Performed services worth $$4,644,$ of which $$3,096$ is collected in cash and the balance is due in September.

$15$ Purchased additional office equipment for $$3,440,$ paying $$602$ in cash and the balance on account.

$19$ Paid salaries $$1,204,$ rent for August $$602,$ and advertising expenses $$301.$

$23$ Paid a cash dividend of $$602.$

$26$ Borrowed $$4,300$ from American Federal Bank; the money was borrowed on a $4-$month note payable.

$31$ Incurred utility expenses for the month on account $$328.$