Homework 3 Question 4 of 7 > ./1 Current Attempt in Progress Franken Company ask tuning and retair shop opened on November 1, 2021. 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, 2022 Cash Receipts Cash Payments Issuance of common shares 5 20,000 $.9.200 Payment to purchase repair shop equipment Rent payments to landlord 1.050 Newspaper advertising payment 375 Utility bill payments 970 Part-time helper's wage payments 2,600 Income tax payment 10,000 Cash receipts from skland snowboard repair services 32.150 Subtotals 52.150 24,195 Cash balance 27.955 Totals $ 52,150 $ 52,150 MacBook Pro 11 The repair shop equipment was purchased on November 1 and has an estimated useful life of 4 years. Leate payments to the landlord are made at the beginning of each month. The part time helper is owed $ 420 at April 30, 2022. for unpaid wages. At April 30, 2022. customers owe Franken Company $ 540 for services they have received but have not yet paid for (a) Prepare an accrual basis income statement for the o months ended April 30, 2022 FRANKEN COMPANY Income Statement . MacBook Pro Question 4 of 7 - /1 E $ List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above: MacBook Pro