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. $ 27,000 9,550 5,600 Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends $ 25,360 Consulting fees earned 22,360 Rent expense 5,250 salaries expense 44,800 Telephone expense 20,000 Miscellaneous expenses 10,508 Common stock 6,800 860 520 182,800 Use the above Information to prepare an August Income statement for the business. HELP TODAY Income Statement For Month Ended August 31 Revenues: Consulting fees earned $ 27,000 $ 27,000 s Total Revenues Expenses: Rent expense Salaries expense Telephone expense Miscellaneous expenses 9.550 5,600 860 520 Total Expenses Net income 16,530 10,470 $