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Consider the following transactions for Nu Ltd. for the month of September: Sales Revenue: $180,000 Purchases: $75,000 Rent Expense: $15,000 Utilities Expense: $10,000 Salaries Expense:

Consider the following transactions for Nu Ltd. for the month of September:
Sales Revenue: $180,000
Purchases: $75,000
Rent Expense: $15,000
Utilities Expense: $10,000
Salaries Expense: $40,000
Depreciation Expense: $8,000
Calculate Nu Ltd.'s Net Income and prepare an Income Statement for the month of September.

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