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 selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,420 Dividends 22,430 Consulting fees earned 5,330 Rent expense 44,070 Salaries expense 20,080 Telephone expense 10,550 Miscellaneous expenses 102,600 $ 6,070 27,070 9,630 5,670 950 570 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement 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 selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,420 Dividends 22,430 Consulting fees earned 5,330 Rent expense 44,070 Salaries expense 20,080 Telephone expense 10,550 Miscellaneous expenses 102,600 $ 6,070 27,070 9,630 5,670 950 570 Use the above information to prepare an August statement of retained earnings for Help Today. The Retained Earnings account balance at August 1 was $0. Hint: Net income for August is $10,250. HELP TODAY Statement of Retained Earnings 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 selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,420 Dividends 22,430 Consulting fees earned 5,330 Rent expense 44,070 Salaries expense 20,080 Telephone expense 10,550 Miscellaneous expenses 102,600 $ 6,070 27,070 9,630 5, 670 950 570 Use the above information to prepare an August 31 balance sheet for Help Today. HELP TODAY Balance Sheet Total equity 0 $ 0 0