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After its first month of operation, the following amounts were taken from the accounting records of Benjamin Realty Inc. as of April 30, 20Y9. Capital

After its first month of operation, the following amounts were taken from the accounting records of Benjamin Realty Inc. as of April 30, 20Y9.

Capital stock $81,250 Notes payable $113,750
Cash 172,250 Rent expense 16,250
Dividends 32,500 Retained earnings 0
Interest expense 6,500 Salaries expense 243,750
Land 136,500 Sales commissions 471,250
Miscellaneous expense 9,750 Utilities expense 48,750

Prepare an income statement for the month ending April 30, 20Y9.

Benjamin Realty Inc.

Income Statement

For the Month Ending April 30, 20Y9

Revenues:

$

Expenses:

$

Total expenses

Net income

$

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