PRINTER CALCULATOR Exercise 3-05 (Part Level Submission) A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and dee equity is explained. Assets Liabilities Stockholders' Equity Cash + A/R + Supp. + Equip. Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses Dividends 1. $20,800 $20,800 2. -1,510 $4,910 $3,400 3 -600 $600 4. 4,400 $6,200 $10,600 Serv. Rev. 5. -2,000 -2,000 6. -1,600 -$1,600 7. -700 -$700 Rent Exp. 8. 380 -380 9. -2,600 -2,600 Sal. Exp. 10 360 -360 Util. Exp. (a) Your answer is correct. WILDHORSE CO. Income Statement For the Month Ended August 31, 2022 Revenues Service Revenue 10,600 Expenses > Rent Expense 700 Salaries and Wages Expense 2,600 Utilities Expense 360 Total Expenses 3,660 E- Net Income / (Loss) 6,940 Click if you would like to Show Work for this question: Open Show Work Prepare a retained earnings statement for August. (List items that increase retained earnings WILDHORSE CO. Retained Earnings Statement For the Month Ended August 31, 2022 Retained Earnings, August 1 Add Net Income / (Loss) 6,940 6,940 Less Dividends 1,600 Retained Earnings, August 31 5,340 Click if you would like to Show Work for this question: Open Show Work Prepare a classified balance sheet at August 31, 2022. (List current assets in order of liquidity.) WILDHORSE CO. Balance Sheet X August 31, 2022 Assets Current Assets Cash Accounts Receivable X Buildings X DOO DOO Current Assets Ex Total Assets Liabilities and Stockholders' Equity Current Liabilities Tohin Wilove sono inc ment Liabilities and Stockholders' Equity Current Liabilities >> Accounts Payable > Stockholders' Equity Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Ol X- Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attemp