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Harbor Island Investments (HI) is a discount brokerage firm offering clients investment advice, trading services, and a variety of mutual funds for investment. Hill

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Harbor Island Investments (HI) is a discount brokerage firm offering clients investment advice, trading services, and a variety of mutual funds for investment. Hill has collected the following information for November: Employee compensation Employee training programs Fees paid to execute trades) Lease and facility costs Marketing Revenues (Advisory fees) Revenues (Brokerage commissions) Sales commissions to brokers Supervisors' salaries) Required: Prepare an income statement for November for HII. $ 894,000 481,500 2,214,000 206,500 113,000 1,664,000 3,314,000 289,000 344,000

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