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1) The following were taken from the accounting records of Fly By Night Travel, Inc., a travel agency, as of January 31, 2019. On the

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1) The following were taken from the accounting records of Fly By Night Travel, Inc., a travel agency, as of January 31, 2019. On the forms provided, prepare in Income Statement and a Statement of Stockholder's Equity for the month of January, and a classified Balance Sheet on January 31. Note that $5,000 of the note is due in 2019 and the balance of the note is due in 2020. (51 points) Accounts Payable $6,000 Accounts Receivable 19,000 Accumulated Depreciation - Equipment 15,500 Advertising Expense 4,500 Common Stock 24,500 Cash 19,500 Depreciation Expense 6,000 Dividends 3,500 Equipment 45,000 Fees Earned 69,000 Notes Payable 19,000 Retained Earnings, January 1 13,500 Retained Earnings, January 31 ??? Salary Expense 50,000

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