Below are Balance Sheets for a company at the beginning and end of October.

Beginning-------- End

Cash $15---------- $10

Receivables from clients $5 -------$7

Prepaid Expenses $4 ----------$3

Other Assets $20------- $25

Total $44------- $45

Payables for Expense $8-------- $10

Unearned revenues $4-------- $6

Common Stocki $15--------- $20

Retained Earnings $17------ $9

Total $44------ $45

During the month, expenses incurred were $15 and a dividend of $2 was paid.

b. Revenues earned during October were 9. How did you get this number?

c. Cash received from customers during January was 9. How did you get this number?

e. Prepare Income Statement and Cash Flows Statement