Prepare the partial income statement sheet for the month ending September $30.($Leave any unused cells blank. Enter amounts to the nearest cent.$)$Revival Records has four employees who are paid on the $1$st and $15$th of each month for the work they performed in the preceding half$-$month. At September $30,$ each employee is owed gross pay of

$$2,500,$ but each one must have $10\%$ of their pay withheld for income taxes. Each must also make Canada Pension Plan contributions of $5\mathrm{.}1\%$ of their gross pay and pay Employment Insurance

premiums of $1\mathrm{.}62\%$ of their gross pay. The following entries were recorded for the month of September:

i$)($Click on the icon to view the journal entries.$)$

Show what Revival would report on its balance sheet at September $30$ and on its income statement for the month ended on that date.

Prepare the liability section of Revival Records' balance sheet at September $30.($Leave any unused cells blank. Enter amounts to the nearest cent.$)$

Revival Records

Balance Sheet $($partial$)$

As at September $30$

Liabilities:

Current Liabilities:

Amounts