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Instructions X Income Statement X Dairy Services was organized on August 1, 2019. A summary of the revenue and expense transactions for August follows: Prepare an income statement for the month ended August 31. Refer to the lists of Accounts, Labels, and Accounts Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to Fees earned $788,000 complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, Wages expense 555,000 enter that amount as a negative number using a minus sign. Rent expense 37,000 Supplies expense 7,900 Dairy Services Miscellaneous expense 11,300 Income Statement (Label) Prepare an income statement for the month ended August 31. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for 1 the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it 2 (Label) is required. If a net loss is incurred, enter that amount as a negative number using a minus sign. Labels and Amount Descriptions 4 5 Labels Expenses 6 For the Month Ended August 31, 7 2019 Amount Descriptions Net income Net loss Total expenses