An analysis of the transactions made by crane company, a certified public accounting firm, for the month of august, its first month of operations is shown below. each change in revenues or expenses is explained. assets = liabilities + stockholders’ equity cash + accounts receivable + supplies + equipment accounts payable common stock retained earnings = + + revenues – expenses – dividend 1. $14,750 $14,750 2. –2,700 $4,700 $2,000 3. –800 $800 4. 6,100 $3,100 $9,200 service revenue 5. –1,600 –1,600 6. –1,900 -$1,900 7. –650 –$650 rent expense 8. 500 –500 9. –4,000 –4,000 salaries/wages expense 10. 400 –400 utilities expense prepare an income statement for august.