[The following information applies to the questions displayed below.] Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2021. Accounts Payable Accounts Receivable $162,000 32,000 Cash (balance on September 1, 2020): 92,000 Cash (balance on August 31, 2021) 110,000 Dividends Equipment Common Stock Notes Payable 100,000 15,000 772,000 Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Supplies Utilities Expense 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 47,000 180,000 77,000 427,000 1,040,000 187,000 1,967,000 49,000 615,000 $ 51,000 61,000 1,540,000 172,000 1,746,000 9,000 15,000 quired: Prepare an income statement for the fiscal year ended August 31, 2021. CHEESE FACTORY INCORPORATED Income Statement For the Year Ended August 31, 2021