The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals.

Cash(a)174,000(b)30,000(d)14,000(e)540(g)1,400(h)9,400(i)3,400Equipment(c)64,000Accounts Receivable(f)11,200(g)1,400Accounts Payable(c)64,000Supplies(b)30,000Scott Hamilton, Capital(a)174,000Fees Income(d)14,000(f)11,200Telephone Expense(e)540Scott Hamilton, Drawing(i)3,400Salaries Expense(h)9,400

Required:

a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 20X1, and the income statement is for the month ended December 31, 20X1.