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 $ 25,410 Consulting fees earned 22,420 Rent expense 5,320 Salaries expense 44,050 Telephone expense 20,060 Miscellaneous expenses 10,510 Common stock $ 27,060 9,610 5,650 940 560 102,500 6,050 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement Revenues: Consulting fees earned Expenses Salaries expense Rent expense Telephone expense Miscellaneous expenses 0 Net income Use the above information to prepare an August statement of retained earnings for Help Today. (The owner invested $102,500 cash in the company on August 1.) HELP TODAY Statement of Retained Earnings For Month Ended August 31 0 CA 0 Use the above information to prepare an August 31 balance sheet for Help Today. (The owner invested $102,500 cash in the company on August 1 in exchange for common stock.) HELP TODAY Balance Sheet As of August 31 Liabilities: Accounts payable Assets: Cash Accounts receivable Office supplies Office equipment Land Equity: Common stock Retained earnings Total Assets $ of Total Liabilities and Equity $ 0