Listed below are the transactions ofDanielJackson, D.D.S., for the month of September.

Sept.1Jacksonbegins practice as a dentist, invests $21,930cash and issues2,193shares of $10 par stock.

2Purchases dental equipment on account from Green Jacket Co. for $18,000.4Pays rent for office space, $680for the month.4Employs a receptionist, Michael Bradley.5Purchases dental supplies for cash, $990.8Receives cash of $1,840from patients for services performed.10Pays miscellaneous office expenses, $440.14Bills patients $5,940for services performed.18Pays Green Jacket Co. on account, $3,300.19Pays a dividend of $2,750cash.20Receives $1,000from patients on account.25Bills patients $2,230for services performed.30Pays the following expenses in cash: Salaries and wages $1,620; miscellaneous office expenses $86.30Dental supplies used during September, $360.

Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.

1. prepare income statement.
2. prepare a retained earnings statement.