Use the following accounts and information to prepare, in good form, an income statement and a retained earnings statement, for the month of August and a balance sheet at August 31, 2014 for Pierce Industries. 
Definitions:
Perpetual Inventory System
An inventory management system where transactions are recorded in real-time, continuously updating inventory and cost of goods sold balances.
Q12: Identifying an opportunity for a social venture
Q69: The balance in the Unrealized Loss-Equity account
Q136: On January 1, Ollinger Company purchased a
Q149: Financing activities for corporations include borrowing money
Q156: Kalyn Gise is the daughter of Mark
Q191: A business organized as a corporation<br>A) is
Q198: On January 5, 2012, JBC Company
Q203: Equipment costing $20,000 machine is purchased by
Q211: A general ledger should be arranged in
Q246: Describe the accounting information system and the