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Office equipment7,050Accounts payable$ 0M. Dexter, Capital12,750M. Dexter, Withdrawals1,000Fees earned4,200Rent expense525Totals$ 16,950$ 16,950Dominick 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. (Input all amounts as positive values. Omit the "$" sign in your response.)Cash$8,360 D. Lopez, Withdrawals$3,000 Accounts receivable17,000 Consulting fees earned17,000 Office supplies3,250 Rent expense4,550 Land46,000 Salaries expense8,000 Office equipment18,000 Telephone expense560 Accounts payable8,000 Miscellaneous expense280 D. Lopez, Capital, July 314,000 Owner investments80,000 TECH TODAYIncome StatementFor Month Ended August 31Revenues:Consulting fees earned$ 17,000Expenses:Rent expense$ Salaries expenseTelephone expenseMiscellaneous expensesTotal expenses13,390