A list of accounts and their values are given below. From this information, prepare an income statement.

Accounts Receivable		$275,000
Advertising Expenses		54,000
Cash		260,000
DepreciationFactory Equipment		16,800
DepreciationOffice Equipment		2,400
Direct Labor		42,000
Factory Supplies Used		16,800
Factory Utilities		10,200
Finished Goods Inventory, November 30		68,800
Finished Goods Inventory, October 31		72,550
Indirect Labor		48,000
Office Supplies Expense		1,600
Other Administrative Expenses		72,000
Prepaid Expenses		42,150
Raw Materials Inventory, November 30		52,700
Raw Materials Inventory, October 31		38,000
Raw Materials Purchases		184,500
RentFactory Equipment		47,000
RepairsFactory Equipment		4,500
Salaries		325,000
Sales		1,350,000
Sales Commissions		40,500
Work In Process Inventory October 31		52,700
Work In Process Inventory, November 30		42,000