AP1-11A (Preparing simple statement of income) Jason Chan operates a takeout pizza business called A Slice of Life Ltd. During the month of November, the following things occurred: 1. He paid $7,692 for pizza ingredients, $1,200 for rent, $220 for the telephone system, and $1,090 for utilities. 2. He took in $23,870 from selling pizzas.: 3. He used up $7,130 worth of ingredients to make the pizzas. 4. His employees earned and were paid wages totalling $5,120 for the month. Required a. Prepare a statement of income to determine how much A Slice of Life Ltd. earned in November. b. Are there any other costs that might have been incurred in November but are not listed