Prepare the income statement of Canyon Canoe Company for the two months ended December 31, 2024. (If a box is not used in the statement leave the box empty; do not select a label or enter a zero.)

Udldce you prepared in Requirement 3.) Canyon Canoe Company Income Statement Two Months Ended December 31, 2024 Net Income More Info - X Nov. 1 Nov. 2 Received $16,000 cash to begin the company and gave capital to Amber Wilson Signed a lease for a building and paid $1,200 for the first month's rent Purchased canoes for $4,800 on account Purchased office supplies on account, $750. Nov. 3 Nov. 4 Nov. 7 Earned $1,400 cash for rental of canoes. Nov. 13 Paid $1,500 cash for wages. Nov. 15 Wilson withdrew $50 cash from the business. Nov. 16 Received a bill for $150 for utilities. (Use separate payable account) Nov. 20 Received a bill for $175 for cell phone expenses. (Use separate payable account) Nov. 22 Rented canoes to Early Start Daycare on account, $3,000 Nov. 26 Paid $1,000 on account related to the November 3 purchase Nov. 28 Received $750 from Early Start Daycare for canoe rental on November 22 Nov. 30 Wilson withdrew $100 cash from the business. Print Done 0 More Info .X Dec. 1 Dec. 1 Dec. 2 Dec. 4 Dec. 9 Dec. 15 Amber contributed land on the river (worth $85,000) and a small building to use as a rental office (worth $35,000) in exchange for capital Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes. Purchased canoes signing a notes payable for $7,200. Purchased office supplies on account for $500. Received $4.500 cash for canoe rentals to customers. Rented canoes to customers for $3,500, but will be paid next month. Received a $750 deposit from a canoe rental group that will use the canoes next month. Paid the utilities and telephone bills from last month. Paid various accounts payable, $2,000. Received bills for the telephone ($325) and utilities ($295) which will be paid later. Paid wages of $1,800. Wilson withdrew $300 cash from the business. Dec. 16 Dec. 18 Dec. 19 Dec. 20 Dec. 31 Dec. 31 Print Done Read the requirements. Requirement 4. Prepare the income statement of Canyon Canoe Company for the two months ended December 31, 2024. (If a box is not used in the statement leave the box empty, do not select a label or enter a zero.) (Click to view the trial balance you prepared in Requirement 3.) Canyon Canoe Company Income Statement Two Months Ended December 31, 2024 Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All