Requirement 2. Prepare the income statement of Smith Computing, Inc, for the month ended October 31, 2021. List expenses in decreasing order by amount Select the labels and enter the amounts to complete the income statement. Remember to st expenses in decreasing order by amount. (Use parentheses or a minus sign for a net loss) Review the accounting equation.completed in Requirement 1. Smith Computing, Inc. Income Statement Month Ended October 31, 2021 Transactions Revenues: Expenses Rent expense Advertising expense Total expenses Net income (loss) 1700 700 2400 The company received cash of $4,100 and issued common stock b. Performed services for a customer and received cash of $6.200 Paid $4,000 on accounts payable d. Purchased supplies on account, $1,100 Collected cash from a customer on account, $2.200 Consulted on the design of a computer system and billed the customer for services rendered, $4,000 Recorded the folowing business expenses for the month (1) paid office rere- at and identify $1,700 (2) paid advertising-$700 (Record the cash amount and record any other amounts separately) h. Declared and paid a cash dividend of $2,700 Print Done x