Transcribed image text: Problem 3-OSA Bindy Crawford created a corporation providing legal services, Marin Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $5,300; Accounts Receivable $6,900; Supplies 5730; Lquipment $9,300; Accounts Payable $6.500; Common Stock $11,900; and Retained Earnings $1,830. During August the following transactions occurred. Aug. 1 Collected sl, 150 of accounts receivable due from customers 4 Pald $2.710 cash for accounts payable due. 9 Performed services worth $3,360, of which $3,580 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,490, paying $470 in cash and the balance on account. 19 Paid salaries $1,430, rent for August $650, and advertising expenses $320. 23 Paid a cash dividend of $650. 26 Barrowed $5,950 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 incurred utility expenses for the month an account $440. Prepare a tabular analysis of the August transactions beginning with July 31 balances. Include margin explanations for any changes in Retained Earnings. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Labrity or Equity Iten that was reduced. See Thrustration 3.4 for example. Post entries in the order presented in the question.) MARIN INC. Assets Liabilities Stockholders' Equity Cash + Accounts Receivable + Supplies + Equipment - Notes Payable Accounts Payable + Common Stock + Retained Earnings + Revenues - Expenses - Dividends July 31 Ralt Aug. 1 IIIIIIIII Prepare an income staternent for August. MARIN INC. Income Statement Prepare a retained earnings statement for August. (List items that increase retained earnings first.) Prepare an income statement for August. MARIN INC. Income Statement Prepare a retained earnings statement for August (List Items that increase retained earnings first.) MARIN INC. Retained Earnings Statement Prepare a classified balance sheet at August 31. (List current assets in order of liquidity) MARIN INC. Balance Sheet Assets Liabilities and Stockholders' Equity