1-3B - Basic Financial Statements John's Jungle Gyms is an indoor play area for children. Parents bring their toddlers to play on germ-covered slides, ladders, ball pits, monkey bars and other pieces of equipment. The following account balances relate to the company's October 31, 2017 month end financial statements: Retained earnings (Oct. 1, 2017) $118,090 Admission revenue $25,000 Cash 14,000 Mortgage 178,000 Accounts payable 5,000 Buildings, net 225,000 Wages payable 2,000 Wages expense 6,000 Repair expense 1,500 Insurance expense 3,000 Accounts receivable 500 Common shares (Oct. 1, 2017) 10 Dividends 200 Equipment, net 75,000 Depreciation expense 2,600 Utilities expense 300 There were no common shares issued or repurchased during the month. Required: a.) Prepare an income statement for the month ended October 31, 2017