Jason Chan operates a takeout pizza business called A Slice of Life Ltd. During the month of November, the following things occurred:

1.		He paid $7,692 for pizza ingredients, $1,900 for rent, $220 for the telephone system, and $1,090 for utilities.
2.		He took in $24,100 from selling pizzas.
3.		He used up $7,130 worth of ingredients to make the pizzas.
4.		His employees earned and were paid wages totalling $5,400 for the month.

(a) Prepare a statement of income to determine how much A Slice of Life Ltd. earned in November.