At the end of October (1st month of operations) the company had the following items shown in their trial balance: Cash Accounts payable Supplies expense Dividends Salary expense $4,400 4,200 Equipment Common stock $6,000 8,000 Accounts receivable 800 Revenues earned 10,000 Supplies 1,600 Advertising expense 1,200 Utilities expense $4,000 1,800 1,400 1,000 What amount will be shown as net income for the month of October on the income statement? $1,400 $4,600 $8,400 O $3,000 What would be shown as retained earnings on the balance sheet at October 30th? $8,400 $4,600 $1,400 $3,000