Steven Garcia runs a ski school and excursion company called Sheridan Ltd. His busiest months are December through February. although, if the weather holds, he extends his school and excursions into March. For the month of January, he recorded the following items: 1. Hespent $1,500 on the utilities for the office and $6,300 on gas and repairs for the vehicles (use Operating Expenses account). 2. He used supplies that cost $16,100. 3. Customers paid him $255,000 for excursions that took place in January (use Service Revenue account) and $71,100 in deposits for trips scheduled in February. 4. He paid $35,500 for employee wages and he spent $9,700 to an influencer for advertising the company. (a) Prepare astatement of income to determine how much Sheridan Ltd. earned in January