Steven Kings is a senior administrator at a market research firm. In January, he received a salary incre $$5,500$ per month. He would like to know how this has impacted his net worth. He has never prepare balance sheet or an income statement, which would help him calculate his net worth.

Steven gathered the following information to help him understand his financial position.

November $30,2019$ December $31,2019$ January $31,2020$

Cash

House

$$2,800$

$$3,600$

$$3,700$

$$202,200$

$$334,500$

$$336,800$

Bank Loan

$$1,100$

$$1,050$

$$1,000$

Salary

$$4,800$

$$4,800$

$$5,500$

Entertainment Expense

$$300$

$$120$

$$510$

Food Expense

$$1,180$

$$1,140$

$$1,480$

Insurance Expense

$$290$

$$330$

$$270$

Miscellaneous Expense

$$400$

$$400$

$$290$

Utilities Expense

$$580$

$$560$

$$320$

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for a deficit

Required

epare Steven Kings's income statement for three months.