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The income statement for the Novak Golf Club Inc. for the month ended July 31 shows Service Revenue $19,500, Salaries and Wages Expense $9,730, Maintenance

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The income statement for the Novak Golf Club Inc. for the month ended July 31 shows Service Revenue $19,500, Salaries and Wages Expense \$9,730, Maintenance and Repairs Expense \$3,890, and Income Tax Expense \$1,290. The statement of retained earnings shows an opening balance for Retained Earnings of $23,230 and Dividends $1,800. (a)

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