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Preparation of Income Statement The management of Tom's Tunics Company provided the following information to you and asked you to prepare an income statement for

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Preparation of Income Statement The management of Tom's Tunics Company provided the following information to you and asked you to prepare an income statement for the month of April 2021. Include a proper heading for the financial statement. Activity Revenues Earned and Received in Cash Capital Stock Issued Cash Received from Bank Loan Payments on Loan from Bank Dividends Paid to Stockholders Expenses incurred to Provide Products to Customers Purchase of Equipment Amount $ 50,000 15,000 30,500 12,500 25.000 7,500 10,000

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