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A tabular analysis of the transactions made during August 2017 by Pharoah Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Cash + A/R = Liabilities + Stockholders' Equity + Supp. + Equip. - Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends $17.600 (1) $17,600 Com. Stock (2) -1,160 $4,960 $3,800 (3) $620 -620 4.700 Serv. Rev. $10,800 (4) $6,100 (5) -2,200 -2,200 -$2,600 Div. -2,600 -$830 Rent Exp. -830 -510 510 -2,400 -2,400 (8) (9) (10) Sal. Exp. Util. Exp. 240 -240 PHAROAH COMPANY Income Statement For the Year Ended August 31, 2017 August 31, 2017 For the Month Ended August 31, 2017 e Textbook and Media Prepare a retained earnings statement for August. (List items that increase retained earnings first.) PHAROAH COMPANY Retained Earnings Statement August 31, 2017 For the Year Ended August 31, 2017 For the Month Ended August 31, 2017 e Textbook and Media List of Accounts Prepare a classified balance sheet at August 31, 2017. (List current assets in order of liquidity.) PHAROAH COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity 15,271 Liabilities and Stockholders' Equity e Textbook and Media List of Accounts