Leate Balance Sheet for for info below v 11/80 Section 13 Version 2 Free Response Questions (80 points) An estimated timeframe has been provided for each problem to help keep you on track. Partial credit will be awarded for correct answers (even if the entire answer is not correct). 1120 11. (15 min., 20pts) Prepare an income statement and a retained earnings statement, for the month of October 2022 and a balance sheet at October 31, 2022 for the medical practice of Linda Denny, MD, from the items listed below. Remember to include the correct date format for each statement. Retained earnings (October 1) $15,000 Insurance expense 3,500 Common stock 30,000 Cash 11,000 - Accounts payable 6,000 Utilities expense 700 Equipment 29,000 Supplies 2,800 Service revenue 23,000 Salaries and wages expense 9,000 Dividends 6,000 Accounts receivable 10,000 Rent expense 2,000