Sunlight Theater prepares monthly financial statements. Analysis of the transactions of the company for October 2020 disclosed the following totals for the month:

Ticket revenue	$160,000
Equipment rent expense	$40,000
Film rent expense	$42,500
Concession revenue	$28,900
Advertising expense	$17,700
Salaries expense	$56,000
Utilities expense	$14,000
Cash dividends declared and paid	$11,000

Balance sheet amounts at October 31, 2020 include the following:

Cash	$132,966
Land	$146,000
Accounts payable	$77,666
Capital stock	$112,000
Retained earnings as of October 1, 2020	$81,600

Note that the above balance for retained earnings is the October 1, 2020 balance rather than October 31, 2020 balance.

Required:

A. Prepare an income statement for the month of October 2020.

B. Prepare a statement of retained earnings for the month of October 2020.

C. Prepare a balance sheet as of October 31, 2020.