CALCULATOR PRINTER VERSION 4 BLACK NEXT Exercise 4-6 Oriole Company, a ski tuning and repair shop, opened on November 1, 2016. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2017 Cash Cash Receipts Payments Issuance of common shares $20,000 Payment to purchase repair shop equipment $9,220 Payments to landlord 1,295 Newspaper advertising payment 340 Utility bill payments 815 Part-time helper's wage payments 2,150 Income tax payment 10,500 Cash receipts from ski and snowboard repair services 30,100 Subtotals 50,100 24,320 Cash balance 25,780 Totals $50,100 $50, 100 The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are at the beginning of each month. The payments to the landlord included a security deposit of $185. The part-time helper is owed $490 at April 30, 2017, for unpaid wages. At April 30, 2017, customers owe Oriole Company $475 for services they have received but have not yet paid for. Prepare an accrual-basis income statement for the 6 months ended April 30, 2017 SOURCES ework -3 ORIOLE COMPANY Income Statement For the Six Months Ended April 30, 2017 1-5 Revenues 2-12 1-15 9-4b du by Study ORIOLE COMPANY Balance Sheet Assets TOO 00 Liabilities and Stockholders' Equity C