Required information Use the following information for Exercises 16-18 below. [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 $ 25, 420 C. Camry, Withdrawals 22,430 Consulting fees earned 5,330 Rent expense 44,070 Salaries expense 20,080 Telephone expense 10,550 Miscellaneous expenses $ 6,070 27,070 9,630 5,670 950 570 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement