Dairy Services was organized on August 1, 2016. A summary of the revenue and expense transactions for August follows:

Accounts
Fees earned	$788,000
Wages expense	555,000
Rent expense	37,000
Supplies expense	7,900
Miscellaneous expense	11,300

Prepare an income statement for the month ended August 31. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign.