The financial statements at the end of Network Realty, Inc.'s first month of operations are provided. NETWORK REALTY, INC. Income Statement For the Month Ended December 31, 20Y4 Fees earned Operating expenses: Wages expense Rent expense Utilities expense Interest expense Miscellaneous expense Total operating expenses Net income W $33,120 18,000 (b) 1,800 3,960 67,500 $ (c) $ (a)