Income Statement Hermes Services was organized on August 1, 20Y2. A summary of the revenue and expense transactions for August follows: Fees earned $551,600 281,300 Wages expense Rent expense 54,600 17,100 Supplies expense Miscellaneous 18,200 expense Prepare an income statement for the month ended August 31. Hermes Services Income Statement For the Month Ended August 31, 2012 Fees earned Expenses: Wages expense Rent expense Supplies expense Miscellaneous expense Total expenses Net income $