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 S 25, 360 Dividends $ 6,000 22, 360 Consulting fees earned 5,250 Rent expense 27,000 9,550 Office equipment Accounts payable Common stock 44,000 Salaries expense 20,000 Telephone expense 10, 500 Miscellaneous expenses 102,000 5,600 860 520 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 For Month Ended August 31 0