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prepare a statement of income Following are the listed items of Flint Rae Ltd. for the month of October, 2022: Accounts payable $14,000 Accounts receivable

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Following are the listed items of Flint Rae Ltd. for the month of October, 2022: Accounts payable $14,000 Accounts receivable 16,000 Cash 12.000 Common shares 30.000 Dividends paid 8,000 Income tax expense 6,500 Equipment 32,000 Supplies 4,800 Supplies expense 5,500 Rent expense 5.000 Retained earnings, October 1 17,000 Salaries expense 9,000 Service revenue 40,500 Utilities expense 2,700

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