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 31.1 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. Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement 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 $10,410. HELP TODAY Statement of Retained Earnings $ Use the above information to prepare an August 31 balance sheet for Help Today. Hint: The ending Retained Earnings account balance as of August 31 is $4,390 HELP TODAY Balance Sheet Total equity