19 Pen 3 of 3 Book Required information [The following information applies to the questions displayed...

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19 Pen 3 of 3 Book Required information [The following information applies to the questions displayed below] RunHeavy Corporation (RHC) is a corporation that manages a local band. It had the following activities during its first month a RHC was formed with an investment of $11,100 cash, paid in by the leader of the band on January 3 in exchange for common stock b. On January 4, RHC purchased music equipment by paying $1,500 cash and signing an $9.600 promissory note payable in three years On January 5, RHC booked the band for six concert everes, at a price of $2,700 each, but no cash was collected yet d Of the six events, four were completed between January 10 and 201 e. On January 22, cash was collected for three of the four events The other two bookings were for February concerts, but on January 24 RHC collected half of the $2,700 fee for one of them 9. On January 27, RHC paid $2,640 cash for the band's travel-related costs On On January 28. RHC paid its band members a total of $2.250 cash for salaries and wages for the first three events As of January 31, the band members hadn't yet been paid wages for the fourth event completed in January but they would be paid in February at the same rate as for the first three events As of January 31, RHC has not yet recorded the $138 of monthly depreciation on the equipment Also. RHC has not yet paid or recorded the $72 interest owed on the promissory note at January 31 RHC is subject to a 20% tax rate on the company's income before tax Required: 3-a. Prepare an income statement for January 31 3-b. Prepare a classified belance sheet for January 31 Complete this question by entering your answers in the tabs below. Check my work 19 Pen 3 of 3 Book Required information [The following information applies to the questions displayed below] RunHeavy Corporation (RHC) is a corporation that manages a local band. It had the following activities during its first month a RHC was formed with an investment of $11,100 cash, paid in by the leader of the band on January 3 in exchange for common stock b. On January 4, RHC purchased music equipment by paying $1,500 cash and signing an $9.600 promissory note payable in three years On January 5, RHC booked the band for six concert everes, at a price of $2,700 each, but no cash was collected yet d Of the six events, four were completed between January 10 and 201 e. On January 22, cash was collected for three of the four events The other two bookings were for February concerts, but on January 24 RHC collected half of the $2,700 fee for one of them 9. On January 27, RHC paid $2,640 cash for the band's travel-related costs On On January 28. RHC paid its band members a total of $2.250 cash for salaries and wages for the first three events As of January 31, the band members hadn't yet been paid wages for the fourth event completed in January but they would be paid in February at the same rate as for the first three events As of January 31, RHC has not yet recorded the $138 of monthly depreciation on the equipment Also. RHC has not yet paid or recorded the $72 interest owed on the promissory note at January 31 RHC is subject to a 20% tax rate on the company's income before tax Required: 3-a. Prepare an income statement for January 31 3-b. Prepare a classified belance sheet for January 31 Complete this question by entering your answers in the tabs below. Check my work