Instructions a. Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column heading should be Cash + Accounts Receivable + Supplies + Equipment Notes Payable + Accounts Payable+ Common Stock + Retained Earnings + Revenues - Expenses - Dividends. Include margin explanations for any changes in Retained Earnings. Cash $7,150 b. Prepare an income statement for August, a retained earnings statement for August, and a classified balance sheet at August 31. Net income $2,570 Ret. earnings $3,.470 Instructions a. Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column heading should be Cash + Accounts Receivable + Supplies + Equipment Notes Payable + Accounts Payable+ Common Stock + Retained Earnings + Revenues - Expenses - Dividends. Include margin explanations for any changes in Retained Earnings. Cash $7,150 b. Prepare an income statement for August, a retained earnings statement for August, and a classified balance sheet at August 31. Net income $2,570 Ret. earnings $3,.470