A partial list of Waterways' accounts and their balances for the month of November follows:

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. - 41,250

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 Revenue. - 1,350,000

Sales Commissions. - 40,500

Work in Process Inventory, October31. - 52,700

Work in Process Inventory, November30 - 42,000

Question:

A list of accounts and their values are given above. Using this information, make an income statement, and a partial balance sheet for Waterways Corporation for the month of November.