3. Prepare an income statement for the month ended July 31, 2019 for Foster Toys. Foster's account balances for the month ending July 31, 2019 are: Cash Rent expense $ 16,600 Utilities expense Accounts receivable Office supplies Salaries expense Office equipment $ 20,800 57,000 6,200 58,300 140,000 160,000 5,300 1,060 32,000 1.290 24,300 152,250 2,000 Miscellaneous expenses Retained earnings, July 1 Common stock Land Sales Cash dividends Accounts payable 4. The following are selected transactions of Drcman, Inc.: May 10 Sold and shipped on account to Linley, Inc. merchandise for $2,300, terms 2/10, 1/30. 16 Linley, Inc. returned merchandise billed at $600 on May 10. 19 Received a check from Linley, Inc. for full settlement of the May 10 transaction. Record the above transactions in general journal form as they would appear on the books of (a) Draman, Inc. and (b) Linley, Inc. Linley, Inc. records purchases at invoice price. Both companies use the periodic inventory system. Omit explanations for the journal entries. 5. The following are selected transactions of Midnight, Inc.: May 10 Sold and shipped on account to Sirius, Inc. merchandise for $3,000 ($1,800 cost), terms 2/10, n/30 Sirius, Inc. retumed merchandise billed at $600 ($360 cost) on May 10. Received a check from Sirius, Inc. for full settlement of the May 10 transaction. 16 19 Record the above transactions in general journal form as they would appear on the books of (a) Midnight, Inc. and (b) Sirius, Inc. Both companies use the perpetual inventory system. Omit explanations for the journal entries