Peter's Curling Inc. operates several curling centres (for games and equipment sales). The following transactions occurred in the month of October. (a) Peter's collected $14,200 from customers for games played in October. (b) Peter's sold $9,200 in curling equipment inventory; received $5,800 in cash and the rest on account; cost of sales is $5,600. (c) Peter's received $3,800 from customers on account who purchased merchandise in September. (d) The curling league gave Peter's a deposit of $4,300 for the upcoming fall season. (e) Peter's paid $4,800 for the September electricity bill and received the October bill for $5,280 to be paid in November. (1 Peter's paid $6,800 to employees for work in October. (g) Peter's purchased $2,040 in insurance for coverage from October 1 to December 31. (h) Peter's paid $2,400 to plumbers for repairing a broken pipe in the washrooms. Prepare a statement of earnings for Peter's Curling Inc. for the month of October 2017. Use an income tax rate of 40 percent. PETER'S CURLING INC. Statement of Earnings For the Month of October 2017 Revenue 14,200 Expenses: Earnings before income taxes