Dominick Lopez operates a consulting firm called Tech Today. On August 31, the company’s records show the following accounts and amounts for the month of August. Use this information to prepare an August income statement for the business.Cash$ 8,360D. Lopez, Withdrawals$ 3,000Accounts receivable17,000Consulting fees earned17,000Office supplies3,250Rent expense4,550Land46,000Salaries expense8,000Office equipment18,000Telephone expense560Accounts payable8,000Miscellaneous expenses280D. Lopez, Capital, July 314,000Owner investments80,000Prepare an August statement of owner’s equity for Tech Today. (The owner invested $84,000 cash in the company during the first week of August.)

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