LMN Corp had the following transactions during February 2024:

Date	Transaction
February 2	Purchased equipment for $30,000, paying $10,000 in cash and the rest on account.
February 6	Sold goods costing $15,000 for $22,000 on account.
February 10	Paid $1,500 for salaries.
February 15	Collected $12,000 from customers on account.
February 20	Paid suppliers $11,000.
February 25	Declared and paid dividends of $2,500.

Requirements:

1. Journalize the transactions.
2. Post the journal entries to the general ledger.
3. Prepare a trial balance as of February 29, 2024.
4. Prepare an income statement for February 2024.
5. Analyze the significance of salary expenses on the financial performance.