From the Information Given Below,prepare a November Income Statement,a November

From the information given below,prepare a November income statement,a November statement of retained earnings,and a November 30 balance sheet.On November 1 of the current year,Victoria Garza,the sole stockholder,began Garza Décor with an initial investment of $50,000 cash in exchange for common stock.On November 30,her records showed the following items and amounts.
$\begin{array}{|l|c|l|c|}\hline \text { Accounts payable } & \$ 12,000 & \text { Office furnishings . } & \$ 40,000 \\\hline \text { Accounts receivable. } & 19,000 & \text { Rent expense } & 9,600 \\\hline \text { Cash. } & 21,200 & \text { Salaries expense } & 4,200 \\\hline \text { Dividends. } & 6,000 & \text { Telephone expense. } &250 \\\hline \text { Fees earned. } & 34,000 & \text { Common stock } & 50,000 \\\hline \text { Notes payable } & 4,250 \\\hline\end{array}$

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