Required Information [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 accounts and amounts for the month of August Cash 25,360 Consulting fees earned 22,360 Rent expense 5,250 Salaries expense 44, eee Telephone expense 20,e00 Miscellaneous expenses 10,500 Common stock 6,e00 27,000 9,550 5,600 Accounts receivable office supplies Land office equipment Accounts payable 860 520 102,eee Dividends Use the above information to prepare an August 31 balance sheet for Help Today. (Hint The ending retained earnings account balance as of August 31 is $4,470.) Answer is not complete. HELP TODAY Balance Sheet As of August 31 Liabilities: 25,360 Accounts payable Assets: Cash S 10,500 22,360 Accounts receivable Equity: 44,000 Common stock Office supplies 102,000 Land 20,000 Retained earnings Office equipment 4,470 106,470 $ 116,970 S 116,970