Using the financial data shown in Exercise 2-17 for Benjamin Realty Inc., prepare a balance sheet as of April 30, 20Y9.

In Exercise 2-17, After its first month of operation, the following amounts were taken from the accounting records of Benjamin Realty Inc. as of April 30, 20Y9.

Prepare an income statement for the month ending April 30,20Y9.

Capital stock Cash Dividends Interest expense Land Miscellaneous expense $25,000 53,000 10,000 2,000 42,000 3,000 Notes payable Rent expense Retained earnings Salaries expense Sales commissions Utilities expense 35,000 5,000 0 75,000 145,000 15,000