Chuck's Brokerage Service (CBS) is a discount financial services firm offering clients investment advice, trading services, and a variety of mutual funds for investment. Chuck has collected the following information for October:

Advertising and marketing	$	270,000
Brokerage commissions (revenues)		9,000,000
Building rent and utilities		525,000
Fees from clients for investment advice		4,500,000
Labor cost for advice		2,400,000
Managers' salaries		900,000
Sales commissions to brokers		750,000
Training programs for brokers		1,275,000
Fees paid to execute trades		6,000,000

Required:

Prepare an income statement for October for CBS.

Sales revenue

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Total Revenues _____

Cost of services sold

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Total cost of services ______

_______________________ ______

Marketing and administrative costs

_______________________ ________

_______________________ ________

_______________________ ________

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_______________________ ________

Total marketing and administrative costs

_______________________ __________