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

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.