Jose Loder established Bronco Consulting on August 1, 2014. The effect of each transaction and the balances after each transaction for August are shown below.

Instructions
1. Prepare an income statement for the month ended August 31, 2014.
2. Prepare a retained earnings statement for the month ended August 31, 2014.
3. Prepare a balance sheet as of August 31, 2014.
4. (Optional). Prepare a statement of cash flows for the month ending August 31,2014.

Assets - Liabilities+ Stockholders' Equity Salaries Capital Stock -Dividends +Earned - Expense -Expense-Expense-Expense-Expense Accounts Accounts Auto Supplies Misc. Cash + Receivable + Supplies Payable + a. +75,000 +75,000 9,000 19000 Ba. 75,000 C. +92,000 Bal. 167,000 d. 27,000 Bal. 140,000 e. 6,000 Bal. 134,000 9,000 75,000 9,000 9,000 75,000 92,000 -27,000 -27,000 9,000 9,000 -6,000 3,000 75,000 92,000 75,000 92,000 +33,000 125,000 -27,000 +33,000 33,000 Bal. 134,000 9. 23,000 Bal. 111,000 h. -58,000 Ba. 53,000 9,000 3,000 75,000 -27,000 -15,500 27,000 15,500 -7,500 7,500 33,000 9,000 3,000 75,000 125,000 58,000 33,000 75,000 9,000 6,100 2,900 125,000 58,000 27,000-15,500 7,500 6,100 Bal. 53,000 -5,000 Bal. 48,000 33,000 3,000 75,000 125,000 58,000 27,00015,500 6,100 7,500 -5,000 33,000 3,000 75,000 5,000 125,000 58,000 27,000 15,500 6,100 7,500