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Consider the following transactions for Zeta Ltd. for the month of February: Sales Revenue: $90,000 Purchases: $40,000 Rent Expense: $8,000 Utilities Expense: $6,000 Salaries Expense:

Consider the following transactions for Zeta Ltd. for the month of February:

  • Sales Revenue: $90,000
  • Purchases: $40,000
  • Rent Expense: $8,000
  • Utilities Expense: $6,000
  • Salaries Expense: $20,000
  • Depreciation Expense: $4,000

Calculate Zeta Ltd.'s Net Income and prepare an Income Statement for the month of February.

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