Assessment to accompany Birt, Accounting: Business reporting for decision making Help 1 System Announcements October 1 Started business by contributing capital of $128,400. 2 Paid rent for month of October $13,696. 3 Purchased beauty supplies for the year $21,400 for cash. 4 Bought fixtures and fittings for the beauty salon (chairs, coffee tables, cabinets, massage table, fountain) on credit from Wellness Supplies $51,360, 8 Pald wages $2,140 for first week's work. 15 Banked takings from first full week of operations $3,531. Paid wages $2,140. 18 Bought new light fitting for $2,996 from local artist and paid cash. 22 Banked takings from second week of operations $5,350. Pald wages $3,210. 24 Withdrew $6,420 cash from business for personal use. 27 Banked takings $5,029. 31 Paid monthly electricity and gas $1,798. Prepare an income statement for Beauty Salon and Services for the month ended 31 October 2017. (Enter negative amounts using either a negative sign prec parentheses, e.g. (45).) iBeauty Salon and Services Income statement for the month ending 31 October 2017 Income Revenue 121980 Expenses Rent 13696 21400 Supplies Electricity and gas 1798 Total expenses Profit (los)