The Gorman group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31 20Y9, the end of the fiscal year, the accountant for the Gorman group repaired at end of peroid Spreadsheet, part of which follows

Account Title Cash Accounts Receivable Supplies Prepaid Insurance Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Rent Common Stock Retained Earnings Dividends Service Fees Rent Revenue Salaries Expense Depreciation Expense-Equipment Rent Expense Supplies Expense Utilities Expense Depreciation Expense-Buildings Repairs Expense Insurance Expense Miscellaneous Expense Adjusted Trial Balance Dr. $16,550 36,030 5,630 12,160 128,000 461,000 150,000 333,000 195,400 42,620 4,220 1,910 192,000 355,630 32,000 607,760 6,420 435,710 23,600 19,800 14,020 12,670 8,450 6,980 3,830 6.530 1,555,960 1,555,960 1. Prepare an income statement. Income Statement End October Revenues: Total revenues Expenses: I WO Total expenses Prepare a statement of stockholders equity. During the year, ne additional Common stock was number using a minus in d as mount box does not require an entry leave it bank of a Netloss is incurred or dividends were paid, enter that Statement of Stockholders' Equity For the Year Ended October 31, 2019 Retained earnings Total Total stockholders equity 2. Journalize the entries that were required to close the accounts at October 31. If an amount box does not require an entry, leave it blank. Date Account Debit Credit 2079 Oct. 31 2019 Oct. 31 3. If the balance of Retained earnings had instead increased $44,800 after the closing entries were posted, and the dividends remained the same, what would have been the amount of Net income or Net loss? Enter all amounts as positive numbers