[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 selected accounts and amounts for the month of August.

Cash	$	25,440	Dividends	$	6,100
Accounts receivable		22,470	Consulting fees earned		27,100
Office supplies		5,360	Rent expense		9,660
Land		44,100	Salaries expense		5,690
Office equipment		20,120	Telephone expense		980
Accounts payable		10,420	Miscellaneous expenses		600
Common stock		103,000

1. Use the above information to prepare an August income statement for the business. 2. Use the above information to prepare an August statement of retained earnings for Help Today. The Retained Earnings account balance at August 1 was $0. Hint: Net income for August is $10,170.

3. Use the above information to prepare an August 31 balance sheet for Help Today.