Franken Company, a ski tuning and repair shop,opened on Navember 12016. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski seasn,April 30 2017 Cash Cash Receipts Payments 9.200 375 ssuance of common shares Payment to purchaserepair shop equipment Payments to landlord Newspaper advertising payment Utility bill payments Part time helper's wage payments Income tax payment Cashreceipts from ski and snowboard repair services Subtotal Cash balance Totals 2600 32150 52150 24370 The repair shop equipment was purchased on November 1 and has an estimatod usetul life of 4 years. Lease payments to the landlord are made at the beginning of each month. The payments to the landlord included a security deposit of $ 175. The part time helper is owed $ 420 at April 30, 2017for unpaidwages. At April 30,2017,customers owe Franken Compamy $540 for services they have received but have not yet paid for. Propare an accrual-basis Income statement for the 6 months ended April 30, 2017