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:
Organic Structure
An organizational configuration that is flexible, decentralized, and has low levels of formalization, allowing it to adapt quickly to changes.
Divisionalized Structure
An organizational layout where operations are grouped into autonomous divisions based on products, services, or markets.
Dynamic Environment
An environment that undergoes rapid and unpredictable changes, requiring organizations or individuals to adapt quickly.
Core Competencies
are the unique capabilities or advantages that give an organization a competitive edge in the market.
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