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, 2013.

Capital stock $25,000 Notes payable $ 35,000 Cash 53,000 Rent expense 5,000 Dividends 10,000 Retained earnings 0 Interest expense 2,000 Salaries expense 75,000 Land 42,000 Sales commissions 145,000 Miscellaneous expense 3,000 Utilities expense 15,000

Prepare an income statement for the month ending April 30, 2013.