E2-17 Income Statement After its first month of operation, the following amounts were taken from the accounting records of Benjamin Realty Inc. as of April 30, 20Y9. Capital stock $25,000 Cash 53,000 Dividends 10,000 Interest expense 2,000 Land 42,000 Miscellaneous expense 3,000 Notes payable 35,000 Rent expense 5,000 Retained earnings 0 Salaries expense 75,000 Sales commissions 145,000 Utilities expense 15,000 Instruction: Prepare an income statement for the month ending April 30, 20Y9.

E2-18 Retained earnings statement Instructions: Using the financial data shown in E-17 above for Benjamin Realty Inc., prepare a retained earnings statement for the month ending April 30, 20Y9.

E2-19 Balance sheet Instructions: Using the financial data shown in E2-17 above for Benjamin Realty Inc., prepare a balance sheet as of April 30, 20Y9.