Assets Cash Accounts Receivable CONSULTEX, INCORPORATED Balance Sheet October 31 Prepaid Rent Land Total Assets Liabilities and Stockholders' Equity Salaries and Wages Payable Income Taxes Payable Notes Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity CONSULTEX, INCORPORATED Income Statement Sales Revenue For the Year Ended October 31 Salaries and Wages Expense Rent Expense Utilities Expenses Income before Income Tax Expense Income Tax Expense Net Income 2021 $ 9,850 14,200 2,050 27,500 2020 $ 13,300 12,100 3,100 11,000 $ 39,500 $ 3,100 $ 53,600 $ 2,050 1,100 15,200 20,100 15,150 $ 53,600 $ 39,500 1,100 12,100 9,100 14,100 2021 $ 158,500 2020 $ 161,500 98,100 97,100 36,100 30,100 19,800 20,100 4,500 14,200 1,350 4,260 $ 3,150 $ 9,940