On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company's records showed the following items.

On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company's records showed the following items. Cash $18,500 Accounts receivable 17,500 Office supplies 5,500 Automobiles 41,000 Office equipment 25,650 Accounts payable 8,000 Owner's investments 89,000 Owner's withdrawals 4,110 Wedding consulting revenue 27,000 Rent expense 2,800 Salaries expense 6,500 Telephone expense 1,730 Utilities expenses 710 [ Use the above information to prepare a November income statement for the business