An analysis of the transactions made by Sunland & Co. a certified public accounting firm, for the month of August is shown below. The expenses were $750 for rent, $5,700 for salaries and wages, and $600 for utilities. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies - Equipment Payable Capital Drawings Reven 1 $15.500 $15,500 2. -3,700 $6,000 $2,300 3 -700 $700 4. 4,100 $3,500 5. -1.000 -1.000 6 -1.300 -$1,300 7 - 750 8. 450 -450 9. -5.700 10 600 $7,0 Assume that August is the company's first month of business. An analysis of the transactions made by Sunland & Co, a certified public accounting firm, for the month of August is shown below. The expenses were $750 for rent. $5.700 for salaries and wages, and 5600 for utilities Accounts Accounts Owner's Owner's Receivable + Supplies Equipment Payable Capital - Drawings Revenues Expenses $15,500 $6,000 $2.300 $700 $3,500 $7.600 - 1000 -$1300 -5750 -450 -5.700 600 -600 Assume that August is the company's first month of business, Prepare an income statement for August 31, 2020, SUNLAND & CO. Income Statement