Sheffeld Equipment Repair began operating in September 2022 . It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary includes the following information. Note that Sheffield began the month with $3,300 in Retained Earnings. This bilance represents the results of its first two months of business. During November, the following summary transactions were completed. Nov 8 Paid $1,336 for salaries due employees, of which $660 is for November and $676 is for October staries payable. 10 Received $1.980 cash from customers in payment of account. 12. Recelved $4.070 cash for services perfarmed in November. 15 Purchased store equipenent on account $3.960 17 Purctased supplies on account $1,430 20 Pxid creelitoct 32.750 of accounts payable due. 22 Paid Nowember ren $534 25 Paid salaries \$1.100. Nov.8 Paid $1,336 for salaries due employees, of which $660 is for November and $670 is for October salaries payable. 10 Received $1,980 cash from customers in payment of account. 12 Received $4,070 cash for services performed in November. 15 Purchased store emuipment on account $3,960. 17 Purchased supplies on account $1,430 20 Paid creditors $2,750 of accounts payable due. 22. Paid November rent $534 25 Paid salaries \$1.100 27. Performed services on account worth $990 and billed customers, 29 Received $825 trom customers for tervices to be perfomed in the future. Adjustment data 1. Supplies on hand are valued at 31.210. 2. Arcrued salafies payable are $534 3. Depreciation for the manth is 3275 . 4. Services were performod to satisfy $550 af uncarned service revenje: Prepare an income statement for November 30