From the information given below, prepare a November income statement, a November statement of retained earnings, and a November 30 balance sheet. On November 1 of the current year, Victoria Garza, the sole stockholder, began Garza Dcor with an initial investment of $50,000 cash in exchange for common stock. On November 30, her records showed the following items and amounts.

Accounts payable	$12,000	Office Furnishings	$40,000
Accounts receivable	19,000	Rent expense	9,600
Cash	21,200	Salaries expense	4,200
Dividends	6,000	Telephone expense	250
Fees earned	34,000	Common stock	50,000
Notes payable	4,250

From the information given below, prepare a November income statement, a November statement of retained earnings, and a November 30 balance sheet. On November 1 of the current year, Victoria Garza, the sole stockholder, began Garza Dcor with an initial investment of $50,000 cash in exchange for common stock. On November 30, her records showed the following items and amounts. Accounts payable Accounts receivable Cash Dividends Fees earned Notes payable $12,000 19,000 21,200 6,000 34,000 4,250 Office Furnishings Rent expense Salaries expense Telephone expense Common stock $40,000 9,600 4,200 250 50,000