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An analysis of the transactions made by Dewey, Cheatem & Co., a law firm, for the month of July is shown below. Each increase and decrease in owner's equity is explained. Accounts Accounts + Receivable + Supplies + Equipment = Payable + Owner's Capital +$15,000 Cash +$ 15,000 -2,500 -750 1. 2. Investment +$6,000 +$3,500 3. +$750 4 +2,400 +$7,600 10,000 Service Revenue 5. - 1,500 -1,500 -2,300 6. -$2,300 Drawings Rent Expense 7. -750 -750 8. +850 -850 9. -4,500 -4,500 Salaries Expense Utilities Expense 10. +400 -400 Prepare an income statement for the month ending July 31, 2020. DEWEY, CHEATEM & CO. Income Statement $ $ $ $ $ $ $ Question Part Score --/17.5 Prepare an owner's equity statement for the month ending July 31, 2020. DEWEY, CHEATEM & CO. Owner's Equity Statement $ > $ > >