Jose Loder established Bronco Consulting on August 1, 2019. 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, 2019.
2. Prepare a statement of owner’s equity for the month ended August 31, 2019.
3. Prepare a balance sheet as of August 31, 2019.
4. (Optional) Prepare a statement of cash flows for the month ending August 31, 2019.

Assets Liabilities + Owner's Accounts Accounts Jose Loder, Jose Loder, Fees Salaries RenASupplies Misc. Cash + Receivable + Supplies= Payable + Capital -Drawing + Earned -Expense-Expense-Expense-Expense-Expense a.+75,000 +75,000 +9,000 +9,000 Ba 75,000 9,000 9,000 75,000 +92,000 +92,000 Bal 167,000 d. -27,000 Bal 140,000 e.6,000 Ba 134,000 9,000 9,000 75,000 92,000 9,000 -27,000 9,000 -6,000 3,000 75,000 92,000 9,000 75,000 92,000 +33,000 125,000 -27,000 +33,000 Bal 134,000 33,000 9 -23,000 Bal 111,000 33,000 h. -58,000 Bal 53,000 33,000 9,000 3,000 75,000 -15,500 -27,000-15,500 -7,500 -7,500 9,000 3,000 75,000 125,000 58,00 9,000 100 2,900 3,000 75,000 25,000 8,00 -27,00015,500 -7,500 6,100 Bal 53,000 33,000 3,000 75,000 25,000 -58,000 27,000-15,500 6,100 7,500 j.15,000 Bal. 38,000 -15000 15,000 125,000 58,000 -27,00015,500-6,100 7,500 33,000 2,900 3,000 75