An analysis of transactions for Blossom Company, a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Assets Liabilities Stock Accounts Receivable Accounts Payable Common Stock Cash + + Supplies + Equipment + + Revenues Expe 1. $14.700 $14.700 2. -2,200 $5,200 $3,000 3. -800 $800 4. 5,200 $3,800 $9,000 - 1,700 o w o no a - 1,700 -3,000 -800 - 8. 500 -500 -4,150 -4 10. 650 Stockholders' Equity Retained Earnings Expenses - Dividend Service Revenue $3,000 -$800 Rent Expense -4,150 -650 Salaries/Wages Expense Utilities Expense (a) Prepare an income statement for August. Blossom Company Income Statement Dividends Expenses Net Income /(Loss) Retained earnings, August 1 Retained earnings, August 31 Revenues Total Expenses Total Revenues Investment