Problem - 2: Use the following accounts and information to prepare, in good form, an income statement, a retained earnings statement, and a balance sheet for Majors Industries for the month ended August 31, 2017. Accounts payable $1,100 Accounts receivable 5,400 Buildings 60,000 Cash 18,600 Service revenue 20,700 Common stock 52,000 Retained earnings (beginning) 25,900 Dividends Insurance expense Supplies Notes payable Rent expense Salaries expense $ 3.000 1,200 1,400 3,300 3,400 10,000