Hermes Services was organized organized organized on August 1, 20Y2. A summary of the revenue and expense transactions for August follows:
Fees earned ................................................................................... 627,600
Wages expense.............................................................................. 440,800
Rent expense.................................................................................    28,100
Supplies expense...........................................................................      6,800
Miscellaneous expense.................................................................      9,300
Prepare an income statement for the month ended ended ended August 31.