Harbor Island Investments $($HII$)$ is a discount brokerage firm offering clients investment advice, trading services, and a variety of mutual funds for investment. HII has collected the following information for November:

Employee compensation $ $892,000$

Employee training programs $479,500$

Fees paid to execute trades $2,212,000$

Lease and facility costs $204,500$

Marketing $111,000$

Revenues $($Advisory fees$)1,662,000$

Revenues $($Brokerage commissions$)3,312,000$

Sales commissions to brokers $287,000$

Supervisors' salaries $342,000$

Required:

Prepare an income statement for November for HII.