Isabelle Limited started business on 1 September 2016. During the first month in business the following transactions occurred.
a. Issued share capital, $100 000. 

b. Paid one month's rent of $2000.
c. Provided services to customers on credit, $30 000; $11 000 of this amount had been received by the end of the month.
d. Paid wages of $7000.
e. Received a $1000 bill for cleaning services on the newly rented property for the cleaning done. The bill will be paid in October.

Required:
1. Prepare an income statement for the month of September 2016.
2. Prepare a balance sheet at 30 September 2016.