Preparation of the Income Statement and the Statement of Changes in Equity. The income and expense accounts of Nora Maniquiz Real Estate Agency, which are listed below, represent the activities for the month of June 2020: Advertising Expense Commissions Expense Office Supplies Expense Real Estate Revenues Rent Expense Salaries Expense Utilities Expense Depreciation Expense P163,000 475,000 27,000 1,250,000 48,000 264,000 42,000 5,000 Required: 1. Prepare an income statement for the month ended June 30, 2020.