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 Accounts receivable office supplies Land office equipment Accounts payable Dividends $ 25, 440 Consulting fees earned 22,470 Rent expense 5,360 salaries expense 44,100 Telephone expense 20, 120 Miscellaneous expenses 10, 420 Common stock 6,100 $ 27,100 9,660 5,690 980 600 103,000 Use the above information to prepare an August income statement for the business. Answer is complete but not entirely correct. HELP TODAY Income Statement For Month Ended August 31 Revenues: Consulting fees earned $ 27,100 22,470 Total Revenues $ 49,570 Expenses: Office supplies X 5,060 X Rent expense 9,660 Rent expense 9,660 Salaries expense 5,690 Telephone expense 980 Miscellaneous expenses 600 Total Expenses 31,650 Net income $ 27.580 300 O