10:47 PM o 28% D o Verizon Chapter 04 Homework Exercise 4-6 Sandhill Co, a ski tuning and repair shop, opened on November 2016. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2017. Cash Cash Receipts Payments Issuance of common shares $19,000 Payment to purchase repair shop equipment $9,050 Payments to landlord Newspaper advertising payment Utility bill payments Part-time helper's wage payments Income tax payment 11,800 Cash receipts from ski and snowboard repair services 30,100 Subtotals 49,100 Cash balance 23,025 Totals $49,100 The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The payments to the landlord included a security deposit of $175. The part-time helper is owed $400 at April 30, 2017, for unpaid wages. At April 30, 2017, customers owe Sandhill Co. $470 for services they have received but have not yet paid for. Prepare an accrual basis income statement for the 6 months ended April 30, 2017. SANDHILL CO. ncome Statement