Jose Loder established Bronco Consulting on August 1, 2016. The effect of each transaction and the balances after each transaction for August follow:

Instructions
1. Prepare an income statement for the month ended August 31, 2016.
2. Prepare a statement of owner's equity for the month ended August 31, 2016.
3. Prepare a balance sheet as of August 31, 2016.
4. Prepare a statement of cash flows for the month ending August 31, 2016.

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Assets Liabilities Owner's Equity Accounts Cash + Receivable + Supplies Accounts Jose Loder, Jose Loder, FeeSalaries Rent Auto Supplies Misc Payable + Capital - Drawing + Earned - Expense-Expense-Expense-Expense-Expense a. +75,000 +75,000 +9,000 +9.000 9,000 Bal. 75,000 C +92,000 Bal 167,000 d. 27000 Bal 140,000 e.6,000 Bal. 134,000 9,000 9,000 9,000 75,000 +92,000 9,000 75,000 27,000 27,000 9,000 6,000 3,000 75,000 75,000 27,000 +33,000 +33,000 125,000 Bal 134,000 33,000 9,000 3,000 75,000 27,000 15,500 27,000-15,500 g 23,000 7,500 Bal. 111,000 33,000 h. 58,000 Bal 53,000 33,000 9,000 3,000 75,000 125,000 7,500 -58,000 25,000 58,000 27,000-15,500 7,500 9,000 6.100 3,000 75,000 100 53,000 33,000 15,000 3,000 75,000 25,000 ,027,0005,500 ,1007,500 Bal. 38,00033,000 290045,000 15,000 25,000 58,000 27,00015,500 6,100 7,500