Prepare a multistep income statement.

$1.$ Income Statement For the Month Ended October $31,2023$

$2.$ Calculation of Retained Earnings For the Month Ended October $31,2023$

$3.$ Hike Away Balance Sheet As at October $31,2023\backslash$table$[[$Hike Away$],[$Balance Sheet$],[$As at September $30,2023],[$Assets$,,$Liabilities,$],[$Cash$,$$$9,480\mathrm{.}00,$Accounts Payable,$$10,500\mathrm{.}00],[$Accounts Receivable,$$16,000\mathrm{.}00,$Bank Loan,$$18,000\mathrm{.}00],[$Merchandise Inventory,$$15,000\mathrm{.}00,$Total Liabilities,$$28,500\mathrm{.}00],[$Equipment$,$$$160,000\mathrm{.}00,$Shareholders' Equity,$],[$Accumulated Depreciation,$-$$$18,000\mathrm{.}00,$Common Shares,$$50,000\mathrm{.}00],[,$Retained Earnings,$$103,980\mathrm{.}00],[$Total Assets,$$182,480\mathrm{.}00,$Total Liabilities & Shareholders' Equity,$$182,480\mathrm{.}00]]$