Prepare an income statement for August. Sheridan Company Income Statement For the Month Ended August 31, 2022 Revenues Service Revenue $ 8600 Expenses Rent Expense $700 Salaries and Wages Expense 4000 Utilities Expense Total Expenses 550 Net Income / (Loss) An analysis of transactions for Sheridan Company, a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. An analysis of transactions for Sheridan Company, a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Prepare an retained earnings statement for August. (List items that increase retained earnings first.) Prepare a bal ance sheet at August 31, 2022. (List Assets in order of liquidity) Sheridan Compary Balance sheet Assets $ Liabilities and Stockholders' Equity $