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 companys records show the following accounts and amounts for the month of August.

Cash	$	25,400	Consulting fees earned	$	27,040
Accounts receivable		22,410	Rent expense		9,590
Office supplies		5,300	Salaries expense		5,640
Land		44,040	Telephone expense		920
Office equipment		20,050	Miscellaneous expenses		550
Accounts payable		10,500	Common stock		102,400
Dividends		6,040

Use the above information to prepare an August income statement for the business.