On October 1, Diondre Shabazz organized a new consulting firm called Tech Talk. On October 31, the company€™s records show the following accounts and amounts. Use this information to prepare an October income statement for thebusiness.

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$12614 Dividends 25,648 Accounts recelvable Office supplies .. Land..._..__.... 69,388 Office equipment . . . . ..···.. 27. I 47 Accounts payable Common stock.124,11 Consulting fees earned. . Rent Salarles expense Telephone expense . . . . . 25.620 6,859 ·.. 4.903 expense. 560 280 . . . . 12070 Miscellaneous expenses