Seth Feye established Reliance Financial Services on July $1,20$Y$2.$ Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transaction for July follow:

Assets $=$Liabilities $+$ Stockholders$$ Equity

Accounts Accounts Common Fees Salaries Rent Auto Supplies Misc.

Cash $+$Receivable $+$ Supplies $=$ Payable $+$ Stock $-$ Dividends $+$ Earned $-$ Expense $-$ Expense $-$ Expense $-$ Expense $-$ Expense

a$.+58,000+58,000$

b$.+6,000+6,000$

Bal. $58,0006,0006,00058,000$

c$.-3,600-3,600$

Bal. $54,4006,0002,40058,000$

d$.+104,000+104,000$

Bal. $158,4006,0002,40058,000104,000$

e$.-34,800-34,800$

Bal. $123,6006,0002,40058,000104,000-34,800$

f$.-21,900-15,400-6,500$

Bal. $101,7006,0002,40058,000104,000-34,800-15,400-6,500$

g$.-56,000-56,000$

Bal. $45,7006,0002,40058,000104,000-56,000-34,800-15,400-6,500$

h$.-3,000-3,000$

Bal. $45,7003,0002,40058,000104,000-56,000-34,800-15,400-3,000-6,500$

i$.+50,400+50,400$

Bal. $45,70050,4003,0002,40058,000154,400-56,000-34,800-15,400-3,000-6,500$

j$.-14,000-14,000$

Bal. $31,70050,4003,0002,40058,000-14,000154,400-56,000-34,800-15,400-3,000-6,500$

Required:

$1.$ Prepare an income statement for the month ended July $31,20$Y$2.$

$2.$ Prepare a statement of stockholders$$ equity for the month ended July $31,20$Y$2.$

$3.$ Prepare a balance sheet as of July $31,20$Y$2.$

$4.$ Prepare a statement of cash flows for the month ending July $31,20$Y$2.$