1)Prepare a Income Statement for the month of November

Family Health Care's November Transactions:

a.On November 1, received $1,800 from Jones Company as rent for the use of Family Health Care's land as a temporary parking lot from November 2019 through March 2020.

b.On November 1, paid $2,400 for an insurance premium on a 2-year, general business policy.

c.On November 1, paid $6,000 for an insurance premium on a six-month medical malpractice policy.

d.Dr. Landry invested an additional $5,000 in the business in exchange for capital stock.

e.Purchased supplies for $240 on account.

f.Purchased $8,500 of office equipment.Paid $1,700 cash as a down payment, with the remaining $6,800 due in five monthly installments of $1,360 beginning January 1.

g.Provided services of $6,100 to patients on account.

h.Received $5,500 for services provided to patients who paid cash.

i.Received $4,200 from insurance companies, which paid on patients' accounts of services that have been provided.

j.Paid $100 on account for supplies that had been purchased.

k.Expenses paid during November were as follows:gages, $2,790; rent, $800; utilities $580; interest, $100; and miscellaneous, $420.

l.Paid dividends of $1,200 to stockholders (Dr. Landry).

Adjustments for November:

a.Prepaid insurance expired, $1,100.

b.Supplies used, $150.

c.Depreciation on office equipment, $160.

d.Unearned revenue earned, $360.

e.Wages owed but not paid to employees, $220.

f.Services provided but not billed to insurance companies, $750.

ASSETS=LIABILITIES+EQUITY

Beginning Balances:

7,320 (cash)

12,000 (land)

10,000 (Notes Pay)

6,000(CS)

3,320 (retained earning)

Calculate the following:

Total Assets =

Total Liabilities =

Total Equity =

Net Income =

Retained Earnings at 11/30=

Equipment (net) =

Please prepare the Income statement