At the beginning of April, Owl Corporation has a balance of $$16,000$ in the Retained Earnings account. During the month of April, Owl

had the following external transactions.

Issue common stock for cash, $$14,000.$

Provide services to customers on account, $$9,700.$

Provide services to customers in exchange for cash, $$3,800.$

Purchase equipment and pay cash, $$8,800.$

Pay rent for April, $$1,700.$

Pay employee salaries for April, $$4,100.$

Pay dividends to stockholders, $$2,600.$

Required:

Prepare a preliminary income statement for the month of April.