Amount Descriptions Income Statement Instructions Hermes Services was organized on August 1, 2012. A summary of the revenue and transactions for August follows: Fees earned Wages expense Rent expense Supplies expense Miscellaneous expense $760,000 540,000 35,000 9,000 11,900 Prepare an income statement for the month ended August 31. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative Expenses should be positive.