Exercise 2-45 (Algo) Prepare Statements for a Service Company (LO 2-2) Sheffield Advisors offers financial counseling services to self-employed business owners. Sheffields operating profits average 22 percent of revenues and its marketing and administrative costs average 30 percent of the cost of services sold. Sheffield Advisors expects revenues to be $890,000 for October. Required: Prepare an income statement for October for Sheffield Advisors assuming the revenue expectations are met.