X We Chapter 1 Assignment WP NWP Assessment Player UI Appli X 2/assessment-player/index.html?launchld=19c7cd3e-a20c-4c3e-970e-efdd87c3d213#/question/3 Question 4 of 9 10.83 / 13 : Jason Chan operates a takeout pizza business called A Slice of Life Ltd. During the month of November, the following things occurred: 1 He paid $7,692 for pizza ingredients, $1,200 for rent, $220 for the telephone system, and $1,090 for utilities. 2. He took in $24,600 from selling pizzas. 3. He used up $7,130 worth of ingredients to make the pizzas. His employees earned and were paid wages totalling $5,300 for the month. (a) Prepare a statement of income to determine how much A Slice of Life Ltd. earned in November. A Slice of Life Lto Statement of Income For the month of November, 2xxx Revenues v Sales Revenue 24600 Expenses Cost of Goods Sold 7692 Rent Expense 1200 Telephone Expense 220 Utilities Expense 1090 Wages Expense 5300 1 Total Expenses 15502 Net Income / (Loss) S 9098 M B O . EXPO