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, 270 C. Camry, Withdrawals 22,280 Consulting fees earned 5,150 Rent expense 43,940 Salaries expense 19,910 Telephone expense 10,700 Miscellaneous expenses $ 5,910 26,920 9,460 5,510 760 430 Exercise 2-17 Preparing a statement of owner's equity LO P3 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $101,000 cash in the company on August 1. Answer is complete but not entirely correct. HELP TODAY Statement of Owner's Equity For Month Ended August 31 C. Camry, Capital, July 31 $ 0 Add: Investment by owner 760 X Add: Net income 10,900 X 11,660 Less: Withdrawals by owner 5,850 X C. Camry, Capital, August 31 5,810