After the success of the company's first two months, Santana Rey cont$/$nues to operate busmess unadjusted trial balance of Business Solutions $($reflecting its transactions for October and Novemb

Business Solutions had the following transactions and events in December $2021.$

Oecember $2$ Paid $$1,925$ cash to Hillside Mall for Business Solutions's share of mall advertising costs. December $3$ Paid $$59$ cash for minor repairs to the company's computer.

oecember a Received

December $1\mathrm{.}4$ Notifieh the rate of si$2$s per day.

December $14$ Notified by Alex's Engineering Company that Eusiness Solutions's bid of $$7,$ on a proposed project has been

Decamber is purchased $$1,190$ of computer suppilies on credit from Harris office products.

Decenber $16$ Sent a reminder to Gomez Company to pay the fee foriservices recorded on November $B.$

December $22+26$ Took the week off for the holidays

Oecomber $28$ Received $$3,800$ cash from Gamez company on its receivable.

December $29$ Reimbursed $$.$ Rey for business autombile mileage $(660$ miles at $$0\mathrm{.}32$ per mile$).$ December $31$ Paid $$1,560$ cash for dividends.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months.

a$.$ The December $31$ inventory count of computer supplies shows $$580$ still avallable

b$.$ Three months have expired since the $12-$month insurance premium was paid in advance.

c$.$ As of December $31,$ Lyn Addte has not been paid for four days of work at $$125$ per day

d$.$ The computer system, acquired on October $1,$ is expected to have a four$-$year life with no salvage value

e$.$ The office equipment, acquired on October $1,$ is expected to have a five$-$year life with no salvage value i$.$ Three of the four months' prepaid rent have explred.

Prepare an income statement for the three months ended December $31,2021.$

$\backslash$table$[[$BUSINESS SOLUTIONS,$],[$Income Statement,$],[$For Three Months Ended December $31,2021,,],[,,],[$Revenue$,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$