Prepare an income statement, a retained earnings statement, and a balance sheet for the medical practice of Donna Bruck, MD, from the items listed below for the month of October 2007.
Retained earnings (October 1) ...............$15,000
Common stock ....................30,000
Accounts payable ..................6,000
Equipment .....................32,000
Service revenue ...................26,000
Dividends .....................6,000
Dental supplies expense .................3,500
Cash ........................ 13,000
Utilities expense ....................700
Dental supplies ...................2,800
Salaries expense ....................7,000
Accounts receivable ...................10,000
Rent expense ....................2,000