company's records show the following accounts and amounts for the month of August 27,080 9,640 5,680 970 $25,430 Consulting fees earned Cash Accounts receivable office supplies Land office equipment Accounts payable Dividends 22,450 Rent expense 5,340 Salaries expense 44,080 Telephone expense 20,100 Miscellaneous expenses 10,480 Common stock 6,080 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement