Oracle Corporation had the following transactions in October 2025:

1. Issued shares worth $400,000.
2. Purchased raw materials for $90,000 on account.
3. Paid $45,000 in salaries.
4. Sold finished goods for $150,000 (70% on credit).
5. Received $90,000 from debtors.
6. Paid $45,000 to creditors.
7. Depreciation expense for the month was $8,000.

Requirements:

1. Record the transactions in the appropriate ledger accounts.
2. Prepare a trial balance as of October 31, 2025.
3. Construct an income statement for the month ended October 31, 2025.