A three$-$year fire insurance policy was purchased on July $1,2024,$ for $$20,400.$ The company recorded the amount in Prepaid Insurance on July $1.$ The cost of insurance prior to July totals $$3,300.$

Employee salaries of $$26,600$ for the month of December will be paid in early January. Salaries paid in the first $11$ months of the year totaled $$206,000.$

On November $1,2024,$ the company received $$8,400$ in cash from a customer requesting a custom design for six identical bikes $($$$1,400$ each$).$ The entire amount is recorded in Deferred Revenue on November $1.$ By the end of the year, four of the bikes have been completed. Other revenues generated during the year total $$296,000.$

Supplies at the beginning of the year totaled $$3,600.$ During $2024,$ additional supplies of $$19,600$ were purchased and recorded in Supplies at the time of purchase. Supplies remaining at the end of the year total $$5,600.$

Hometowne paid a local radio station $$13,600$ for four months of advertising on December $1,2024.$ The advertising will appear evenly over the four$-$month period. The company recorded the entire amount in Prepaid Advertising on December $1.$ Advertising costs the first $11$ months of the year total $$15,800.$

Hometowne borrowed $$38,400$ on March $1,2024.$ The principal is due to be paid in five years. Interest is payable each March $1$ at an annual rate of $10\%.$

Need an income statement