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Balance sheets, net income Financial information related to Montana Interiors for October and November 20Y8 is as follows: October 31, 2018 November 30, 20Y8 Accounts

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Balance sheets, net income Financial information related to Montana Interiors for October and November 20Y8 is as follows: October 31, 2018 November 30, 20Y8 Accounts payable $67,000 $72,400 Accounts receivable 148,100 170,200 Capital stock ? Retained earnings 130,000 170,000 Cash 261,300 443,500 Supplies 13,100 10,900 a. Prepare a balance sheet for Montana Interiors as of October 31, 20Y8. Montana Interiors Balance Sheet October 31, 2048 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Prepare a balance sheet for Montana Interiors as of November 30, 20Y8. Montana Interiors Balance Sheet August 31, 20Y8 Assets Total assets Liabilities August 31, 20Y8 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity b. Determine the amount of net income for November, assuming that no additional capital stock was issued and no dividends were paid during the month. c. Determine the amount of net income for November, assuming that no additional capital stock was issued, but dividends of $54,300 were paid during the month

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