Reese Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information.

Accounts payable		$ 3,300		Supplies		$ 2,460
Interest expense		410		Supplies expense		380
Equipment (net)		48,200		Depreciation expense		270
Salaries and wages expense		2,500		Service revenue		20,920
Bonds payable		21,500		Salaries and wages payable		445
Unearned service revenue		4,065		Common stock		9,100
Accounts receivable		1,300		Interest payable		140
Cash		3,950

Using the information, answer the following questions.

Prepare an income statement for the month of October 2022.

REESE INC. Income Statement choose the accounting period October 31, 2022 For the Month Ended October 31, 2022 For the Year Ended October 31, 2022
select an opening name for section one Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues
enter an income statement item		enter a dollar amount
select an opening name for section two Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues		enter a subtotal amount for section two
select a closing name for this statement Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues		enter a total net income or loss amount

Prepare a retained earnings statement for the month of October 2022.

REESE INC. Retained Earnings Statement choose the accounting period October 31, 2022 For the Month Ended October 31, 2022 For the Year Ended October 31, 2022
select an opening name Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues	enter a dollar amount
select between addition and deduction Add Less: select an item Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues	enter a dollar amount
select a closing name Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues	enter a total amount