On October 1, Keisha King organized Real Answers, a new consulting firm; On October 3, the owner contributed $70,065 cash. On October 31, the company's records show the following items and amounts.

Cash	$	11,000		Cash dividends	$	2,000
Accounts receivable		18,000		Consulting fees earned		20,000
Office supplies		23,375		Rent expense		3,600
Land		46,000		Salaries expense		8,000
Office equipment		18,000		Telephone expense		760
Accounts payable		41,250		Miscellaneous expenses		580
Common stock		70,065
Using the above information prepare an October income statement for the business.