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:

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$2.$

Assets =Liabilities + Stockholders' Equity Accounts Accounts Common Fees Salaries Rent Auto Supplies Misc. Cash +Receivable + Supplies = Payable + Stock - Dividends + Earned + Earned - Expense - Expense - Expense - Expense - Expense a. +55,000 +55,000 b. +7,400 +7,400 Bal. 55,000 7,400 7,400 55,000 c. -3,400 -3,400 Bal. 51,600 7,400 4,000 55,000 d. +103,000 +103,000 Bal. 154,600 7,400 4,000 55,000 103,000 e. -33,400 -33,400 Bal. 121,200 7,400 4,000 55,000 103,000 -33,400 f. -20,900 -15,000 -5,900 Bal. 100,300 7,400 4,000 55,000 103,000 -33,400 -15,000 -5,900 g. -57,000 -57,000 Bal. 43,300 7,400 4,000 55,000 103,000 -57,000 -33,400 -15,000 -5,900 h. -3,500 -3,500 Bal. 43,300 3,900 4,000 55,000 i. +50,300 103,000 -57,000 -33,400 +50,300 -15,000 -3,500 -5,900 Bal. 43,300 50,300 3,900 4,000 55,000 153,300 -57,000 -33,400 -15,000 -3,500 -5,900 j. -13,500 -13,500 Bal. 29,800 50,300 3,900 4,000 55,000 -13,500 153,300 -57,000 -33,400 -15,000 -3,500 -5,900