On November 1, 2017,Metlock, Inc.had the following account balances. The company uses the perpetual inventory method.

Debit Credit

Accumulated Deprecation -- Equipment 800

Cash 7,200 Accounts Payable 2720

Accounts receivable 1792 Unearned Service revenue 3200

Supplies 688 Salaries and wages Payable 1360

Equipment 20,000 Common Stock 16,000

----------- Retained Earnings 5600

29680 -----------

29680

During November, the following summary transactions were completed.

Nov.8 Paid $2,840for salaries due employees, of which $1,480is for November and $1,360is for October.

10 Received $1,520cash from customers in payment of account.

11 Purchased merchandise on account from Dimas Discount Supply for $6,400, terms 2/10, n/30.

12 Sold merchandise on account for $4,400, terms 2/10, n/30. The cost of the merchandise sold was $3,200.

15 Received credit from Dimas Discount Supply for merchandise returned $240.

19 Received collections in full, less discounts, from customers billed on sales of $4,400on November 12.

20 Paid Dimas Discount Supply in full, less discount.

22 Received $1,840cash for services performed in November.

25 Purchased equipment on account $4,000.

27 Purchased supplies on account $1,360.

28 Paid creditors $2,400of accounts payable due.

29 Paid November rent $300.

29 Paid salaries $1,040.

29 Performed services on account and billed customers $560for those services.

29 Received $540from customers for services to be performed in the future.

Adjustment data:

1.Supplies on hand are valued at $1,280.

2.Accrued salaries payable are $400.

3.Depreciation for the month is $200.

4.$520of services related to the unearned service revenue has not been performed by month-end.

Prepare multiple-step income statement for November.