After its first month of operation, the following amounts were taken

After its first month of operation, the following amounts were taken from the accounting records of Three Rivers Realty, Inc., as of November 30, 2007.

After its first month of operation, the following amounts were taken

Prepare an income statement for the month ending November 30,2007.



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Capital stock Cash Dividends Interest expense Land Miscellaneous expense $10,000 21,500 4,000 2,000 37,000 2,500 Notes payable Rent expense Retained earnings Salaries expense Sales commissions Utilities expense 30,000 6,000 9,000 49,500 7,500