Question $2$ of $2$

$($a$1)$

Prepare an income statement. $($Enter negative amounts using either a negative sign preceding the number $8.-55$ or parentheses e$8.$

$(55).)$ estion $2$ of $2$

$($a$1)$

Prepare an income statement. $($Enter nesative amounts using either a negative sign preceding the number e$.-55$ or parentheses e$.$

$(55).)$

Monty Company

Income StatementPost the closing entries to Income Summary and Retained earnings