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.)

Requirement 4. Prepare the income statement of Canyon Canoe Company for the two months (Click to view the trial balance you prepared in Requirement 3.) Canyon Canoe Company Income Statement Two Months Ended December 31, 2024 Expenses Revenues Total Assets Total Expenses Total Liabilities Total Liabilities and Owner's Equity Choose from any list or enter any number in the input fields and then click Check Answer Total Requirement 4. Prepare the income statement of Canyon Canoe Company for the two months ended (Click to view the trial balance you prepared in Requirement 3.) Canyon Canoe Company Income Statement Two Months Ended December 31, 2024 Expenses Revenues Total Assets Total Expenses Total Liabilities Total Liabilities and Owner's Equity i i More Info Nov. 1 Received $16,000 cash to begin the company and gave capital to Amber Wilson Nov. 2 Signed a lease for a building and paid $1,200 for the first month's rent Nov. 3 Purchased canoes for $4,800 on account Nov. 4 Purchased office supplies on account, $750. 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 S100 cash from the business Print Done Clear All - X More Info Ectc Dec. 1 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. Dec. 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes Dec. 2 Purchased canoes signing a notes payable for $7,200 Dec. 4 Purchased office supplies on account for $500. Dec. 9 Received $4.500 cash for canoe rentals to customers. Dec. 15 Rented canoes to customers for $3,500, but will be paid next month. Dec. 16 Received a $750 deposit from a canoe rental group that will use the canoes next month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, $2,000. Dec. 20 Received bills for the telephone ($325) and utilities ($295) which will be paid later Dec. 31 Paid wages of $1,800 Dec. 31 Wilson withdrew $300 cash from the business Print Done