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 selected accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,370 Dividends 22,370 Consulting fees earned 5,260 Rent expense 44,010 Salaries expense 20,020 Telephone expense 10,540 Miscellaneous expenses 102,100 $ 6,020 27,010 9,570 5.620 880 530 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business