1. Use the following information to construct an income statement for Bob's Truck Company (BTC) for the one month period ending September 30, 2014. The income statement must be in proper form and use appropriate accounting terminology. You will not need all the information I give you. (11 points) BTC's stock price increased $2/share during the month, 100,000 shares outstanding BTC paid off a $500,000 loan to a commercial bank In September BTC sold 120 trucks at $50,000 each BTC built 100 trucks in the month in its factory BTC spent $3,000,000 in September on raw materials to build trucks for inventory The trucks sold in September cost BTC $30,000 each to build (materials and labor) BTC had the following expenses for September: o Engineering $600,000 Administration $300,000 Selling expense $500,000 Marketing $400,000 O O Because BTC has $3,500,000 in bank debt it had interest expense of $30,000 for the month Income tax for the month was calculated at $200,000 BTC ended the month with $600,000 in its checking account BTC forecasts sales of 125 trucks in October at a price of $52,000 each