Bindy crawford created a corporation providing legal services, kingbird, inc., on july 1, 2022. on july 31 the balance sheet showed: cash $4,000; accounts receivable $3,500; supplies $600; equipment $6,000; accounts payable $5,200; common stock $7,200; and retained earnings $1,700. during august the following transactions occurred. aug. 1 collected $1,000 of accounts receivable due from customers. 4 paid $2,600 cash for accounts payable due. 9 performed services worth $5,300, of which $3,500 is collected in cash and the balance is due in september. 15 purchased additional office equipment for $4,010, paying $410 in cash and the balance on account. 19 paid salaries $1,300, rent for august $600, and advertising expenses $300. 23 paid a cash dividend of $600. 26 borrowed $5,000 from american federal bank; the money was borrowed on a 4-month note payable. 31 incurred utility expenses for the month on account $350. prepare an income statement for august, a retained earnings statement for august and a classified balance sheet at august 31.