On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Before the end of August, Jobs 70, 72, 73, and 75 were completed. On August 31, Jobs 72 and 75 were sold. Cairle's selling and administrative expenses for August were $1,200. Assume that Cairle prices its jobs at cost plus 20 percent. Required: Prepare an income statement for Cairle Company for August