Prepare an owner's equity statement for August 31, 2022. (List items that increase owner's equity first.) 5 CULLUMBER \& CO. Income Statement An analysis of transactions for Cullumber \& Co, a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,400 for salaries and wages, and $500 for utilities. An analysis of transactions for Cullumber \& Ca. a certified public accounting firm, for the month of August is shown as follows. The expenses were $650 for rent, $4,400 for salaries and wages, and $500 for utilities