Requirement 3. Prepare the month ended January 31, 2019, single step income statement of Better Boat Company. (Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.) Review the adjusted T-accounts you prepared above. Better Boat Company Income Statement Month Ended January 31, 2019 Revenues: Expenses: Revenues: Expenses: Net Income (Loss) i Reference Cash Sales Revenue Accounts Payable 40 Unadj. Unadj. 16,920 9,643 Unadj. Adj. (b) 48 Bal. 16,9201 40 Bal. 9,595 Bal. Accounts Receivable Canoe Rental Revenue Utilities Payable 350 Unadj. Unadj. 5,100 1,700 Unadj. 300 Adj. (d) Bal. 5,100 350 Bal. 2,000 Bal. Merchandise Inventory Cost of Goods Sold Telephone Payable 320 Unadj. Unadj. 1,232 Unadj. 2,731 45 Adj. (a) Adj. (a) 45 24 Adj. (b) Bal. 1,187 320 Bal. Bal. 2,752 Estimated Returns Inventory Wages Payable Rent Expense 0 O Unadj. 0 Unadj. Adj. (b) Unadj. Adj. (f) 24 1,300 Rent Expense Estimated Returns Inventory Unadj. 0 Adj. (b) 24 Wages Payable o Unadj. 0 Unadj. Adj. (f) 1,300 Bal. 24 O Bal. Bal. 1,300 Office Supplies Wages Expense Unadj. 400 Refunds Payable O Unadj. 48 Adj. (b) Unadj. 1,500 110 Adj. (c) Bal. 290 48 Bal. Bal. 1,500 Prepaid Rent Utilities Expense Unadi. 2,600 Interest Payable 100 Unadj. 100 Adj. (e) Unadj. 350 1,300 Adj. (f) Bal. 1,300 200 Bal. Bal. 350 Land Unearned Revenue Telephone Expense Unadj. 120,000 300 Unadj. Unadj. 320 Adj. (d) 300 Land Unearned Revenue Telephone Expense Unadj. 120,000 300 Unadj. Unadj. 320 Adj. (d) 300 Bal. 120,000 O Bal. Bal. 320 Building Notes Payable Supplies Expense Unadj. 409,000 4,800 Unadj. 0 Unadj. Adj. (c) 110 Bal. 409,000 4,800 Bal. Bal. 110 Depreciation Expense-Building Accumulated Depr.Building 1,600 Unadj. 1,600 Adj. (g) Unadj. 0 Adj. (g) 1,600 3,200 Bal. Bal. 1,600 Canoes Winter, Capital Depreciation Expense-Canoes Unadj. 8,640 549,810 Unadj. 0 Unadj. Adj. (h) 90 Building Notes Payapie Supplies expense Unadj. 409,000 4,800 Unadj. 0 Unadj. Adj. (c) 110 Bal. 409,000 4,800 Bal. Bal. 110 Depreciation Expense-Building Accumulated Depr.Building 1,600 Unadj. 1,600 Adj. (g) Unadj. Adj. (g) 1,600 3,200 Bal. Bal. 1,600 Canoes Winter, Capital Unadj. 8,640 549,810 Unadj. Depreciation Expense-Canoes Unadj. 0 Adj. (h) 90 Bal. 8,640 549,810 Bal. Bal. 90 Accumulated Depr.Canoes Interest Expense Income Summary o Unadj. 0 130 Unadj. 90 Adj. (h) Unadj. Adj. (e) 100 220 Bal. O Bal. Bal. 100