From the information given below, prepare a November income statement, a November

statement of owners equity, and a November 30 balance sheet. On November 1 of the

current year, Victoria Garza began Garza Dcor with an initial investment of $50,000 cash. On

November 30, her records showed the following (alphabetically arranged) items and amounts.

Accounts payable.	$12,000	Office furnishings..	$47,000
Accounts receivable.	27,700	Owners withdrawals.	16,000
Cash	22,300	Rent expense	12,500
Fees earned.	67,000	Salaries expense.	6,500
Notes payable	4,250	Telephone expense.	1,250