On August $31,$ the balance sheet of Blossom Company showed Cash $$11,000,$ Accounts Receivable $$3,700,$ Supplies $$600,$ Equipment

$$6,000,$ Accounts Payable $$5,600,$ Common Stock $$14,900,$ and Retained Earnings $$800.$ During September, the following

transactions occurred.

Paid $$1,950$ cash for accounts payable due.

Collected $$2,150$ of accounts receivable.

Purchased additional equipment for $$2,600,$ paying $$850$ in cash and the balance on account.

Recognized revenue of $$7,250,$ of which $$1,950$ is collected in cash and the balance is due in October.

Declared and paid a $$1,000$ cash dividend.

Paid salaries $$2,350,$ rent for September $$1,100,$ and advertising expense $$200.$

Incurred utilities expense for month on account $$300.$

Received $$11,000$ from Capital Bank on a $6-$month note payable.

Prepare an income statement for September.

Blossom Company

Income Statement

For the Month Ended September $30,20$XX

$