Use the following accounts and information to prepare, A) an income statement, B) retained earnings statement, for the month of August and C) a balance sheet at August 31, 2017, for Pierce Industries.

Accounts payable $ 1,100
Dividends $ 3,000
Accounts receivable 5,400
Insurance expense 1,200
Buildings 63,000
Supplies 1,400
Cash 18,600
Notes payable 3,300
Service revenue 25,700
Rent expense 3,400
Common stock 52,000
Salaries and wages expense 12,000
Retained earnings (beginning) 25,900