Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companys records show the following selected accounts and amounts for the month of August.

! Required information Use the following information for Exercises 16-18 below. [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,410 Dividends 22,420 Consulting fees earned 5,320 Rent expense 44,050 Salaries expense 20,060 Telephone expense 10,510 Miscellaneous expenses 102,500 $ 6,050 27,060 9,610 5,650 940 560 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement