Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Larkspur had the following account balances. The company uses the perpetual inventory method. Debit Credit $26,100 Accumulated Depreciation-Equipment Cash $2,900 6,496 Accounts Payable 9,860 Accounts Receivable 11,600 Supplies 2,494 Unearned Service Revenue Equipment 72,500 Salaries and Wages Payable 4,930 $107,590 Common Stock 58,000 Retained Earnings 20,300 $107,590 During November, the following summary transactions were completed. Paid $10,295 for salaries due employees, of which $5,365 is for November and $4,930 is for October. Nov. 8 Received $5,510 cash from customers in payment of account. 10 Purchased merchandise on account from Dimas Discount Supply for $23,200, terms 2/10, n/30. 11 Sold merchandise on account for $15,950, terms 2/10, n/30. The cost of the merchandise sold was $11,600o. 12 Received credit from Dimas Discount Supply for merchandise returned $870. 15 Received collections in full, less discounts, from customers billed on sales of $15,950 on November 12 19 Paid Dimas Discount Supply in full, less discount. 20 Received $6,670 cash for services performed in November. 22 Purchased equipment on account $14,500. 25 Purchased supplies on account $4,930. 27 Paid creditors $8,700 of accounts payable due. 28 Paid November rent $1,087. 29 Paid salaries $3,770. 29 Performed services on account and billed customers $2,030 for those services. 29 Received $1,958 from customers for services to be performed in the future. 29 System Anhouncements (f1) Your answer is partially correct. Try again. Prepare a multiple-step income statement for November LARKSPUR Income Statement For the Month Ended November 30, 2022 Total Revenues 15950 Sales Revenue Sales Discounts Less 319 Net Sales 15631 Service Revenue 20373 Total Revenues 36004 Cost of Goods Sold Less 11600 Gross Profit 24404 Expenses Depreciation Expense 725 Supplies Expense 2784 Salaries and Wages Expense 10585 Rent Expense 1087 Total Expenses 15181 Net Income/ (Loss) 9223 Sk.pdf (f2) Prepare a retained earnings statement for November. LARKSPUR Retained Earnings Statement SHOW LIST OF ACCOUNTS