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Financial information related to Montana Interiors for October and November 20Y8 is as follows: October 31, 2048 November 30, 2048 Accounts payable $40,500 $43,700 Accounts

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Financial information related to Montana Interiors for October and November 20Y8 is as follows: October 31, 2048 November 30, 2048 Accounts payable $40,500 $43,700 Accounts receivable 89,500 102,900 ? Capital stock ? Retained earnings 130,000 170,000 Cash 158,000 268,100 Supplies 7,900 6,600 a. Prepare a balance sheet for Montana Interiors as of October 31, 20Y8. Montana Interiors Balance Sheet October 31, 2048 Assets Total assets Liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Prepare a balance sheet for Montana Interiors as of November 30, 20Y8. Montana Interiors Balance Sheet August 31, 20 Assets Total assets Liabilities Balance Sheet August 31, 20Y8 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity b. Determine the amount of net income for November, assuming that no additional capital stock was issued and no dividends were paid during the month. c. Determine the amount of net income for November, assuming that no additional capital stock was issued, but dividends of $32,800 were paid during the month

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