Jose Loder established Bronco Consulting on August 1, 2018. 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, 2018.
2. Prepare a retained earnings statement for the month ended August 31, 2018.
3. Prepare a balance sheet as of August 31, 2018.
4. Prepare a statement of cash flows for the month ending August 31, 2018.

Assets Stockholders'E Salaries RentAutoSupplies Misc Cash ReceivableSupplies Payable Stock Dividends Eaned -Expense Expense-Expense-Expense Expense +75,000 58,000 25,000 8,000 27,000 15,500 25,000 58,00027,000 -15,500 6,100 7,500 5,000 5,000 25,000 58,000 27,000-15,500 6,100 7,500