Acct 5204 - Assignment 1 Total value -10 points Assignments are to be submitted on an individual basis. Files are to be submitted on Moodle in either Microsoft Word or Microsoft Excel. Question 1 (2 points): Inverness Books Ltd. operates a bookstore. The results from the month of August 2023 are presented below. Prepare an income statement for the month of August. Question 2 (4 points): Victoria Bikes Inc. is a small manufacturing company that makes bicycles. The company has 2 buildings, one building contains the factory where bicycles are produced, the other building is split between a retail shop where customers can come in to purchase bikes and the administrative offices. The following costs were incurred for the year ended June 30, 2023