Carmen Camry operates a consulting firm called Help Today. On August 31, the company’s records show the following accounts and amounts for the month of August. Use this information to prepare an August income statement for the business.

Check Net income, $10,470

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Cash... $25,360 C. Camry, Withdrawals.. Accounts receivable 22,360 Consulting fees earned $ 6,000 27,000 Office supplies. 5,250 Rent expense 9,550 Land 44,000 Salaries expense.. 5,600 Office equipment 20,000 Telephone expense. 860 Accounts payable 10,500 Miscellaneous expenses.. 520 C. Camry, Capital, July 31....... 2,000 Owner investment made on August 4 100,000