Sheffield Equipment Repair began operating in September 2017. It prepares financial statements at the end of each month. On November 1, 2017, a tabular summary includes the following information. Note that Sheffield began the month with $3,840 in Retained Earnings. This balance represents the results of its first two months of business. Assets Liabilities Stockhold Unearn Accts. Depr.-- Accts Serv. Sal/Wages + Com Cash Rec. + Supplies + Equip. Equip Pay Rev. Pay Stock 11/1 Bal. 3,630 3.140 + 1.960+ 10,840 500 3.140 + 400 + 850+ 10,840 Acc. + + + + During November, the following summary transactions were completed Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $370 is for November and $850 is for October salaries payable. Received $1,840 cash from customers in payment of account Received $3,740 cash for services performed in November Purchased store equipment on account $3,600. Purchased supplies on account $1,400. Paid creditors $2,550 of accounts payable due. Paid November rent $480. Paid salaries $1.160. Performed services on account worth $930 and billed customers. Received $830 from customers for services to be performed in the future. Prepare an income statement for November 30. Sheffield Equipment Repair For the Month Ended November 30, 2017 Revenues 5170 $ Service Revenue Expenses Salaries and Wages Expense Rent Expense Supplies Expense 2030 480 2100 Depreciation Expense 280 Total Expenses 4890 Net Income/Loss) 280 (e2) Prepare a retained earnings statement for November 30. Sheffield Equipment Repair Retained Earnings Statement A A V: $ (e3) The parts of this question must be completed in order. This part will be available when you complete the part above