237 From the information given below, prepare a November income statement, a November statement of owner's equity, and a November 30 balance sheet. On November 1 of the current year, Victoria Garza began Garza Decor with an initial investment of $50,000 cash. On November 30, her records showed the following (alphabetically arranged) items and amounts. Accounts payable $12,000 Office furnishings $40,000 Accounts receivable 19,000 Owner's withdrawals 6,000 Cash 21,200 Rent expense 9,600 Fees earned 34,000 Salaries expense 4,200 Notes payable 4,250 Telephone expense 250