Required Information (The following information applies to the questions displayed below.) Cheese Factory Incorporated reported the following Information for the fiscal year ended August 31, 2018. Accounts Payable Accounts Receivable Cash (balance on September 1, 2017) Cash (balance on August 31, 2018) Common Stock Dividends Equipment Notes Payable Office Expenses Prepaid Rent Retained Earnings (beginning) salaries and wages Expense Salaries and wages Payable Sales Revenue Supplies Utilities Expense $ 149,000 19,880 79,000 90,000 100,000 14,000 759,888 34,888 115,000 54,800 414,888 975,800 174,888 1,738,888 33,000 550,000 Other cash flow information: Additional investments by stockholders Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borrowings Cash received from customers Cash received from borrowings Dividends paid in cash $ 36,800 44,888 1,498,880 159,800 1,681,888 9,888 14,880 Required: 1. Prepare an Income statement for the fiscal year ended August 31, 2018