At the beginning of April, Owl Corporation has a balance of $$13,000$ in the Retained Earnings account. During the month of April, Owl had the following external transactions.

Issue common stock for cash, $$11,000.$

Provide services to customers on account, $$8,500.$

Provide services to customers in exchange for cash, $$3,200.$

Purchase equipment and pay cash, $$7,600.$

Pay rent for April, $$1,100.$

Pay employee salaries for April, $$3,500.$

Pay dividends to stockholders, $$2,000.$

Required:

Prepare a preliminary income statement for the month of April.

$\backslash$table$[[$Owl Corporation$],[$Preliminary Income Statement$],[$Service Revenue,$$,11,700],[,,],[7,,],[7,,],[,$$$,11,700]]$