With the following information prepare Income Statement, Retained Earnings Statement & Balance Sheet.

Note: Net Income is given: $72,220

Balance Sheet Date: Account Prepaid Insurance Accounts Receivable, net Acc. Dep. - Office Equip. Cash Merchandise Inventory, Beginning Office Equipment Accounts Payable Salaries Payable Unearned Revenue (Choc. Subscriptions) Capital Stock Retained Earnings, Beginning Dividends Sales Returns & Allowances Sales Sales Discounts Purchase Discounts Purchases Sales Salaries Exp. Misc. Selling Exp. Rent Exp. Insurance Exp. Depr. Exp. - Office Equip Misc. Admin. Exp. Misc. Interest Expense Office Salaries Exp. Advertising Exp. Misc. Interest Revenue Total 1 Month June 30, 200X Balance 3,130 30,880 (4,720) 33,650 48,900 36,970 (27,010) (1,140) (1,800) (35,000) (32,890) 18,000 8,045 (715,675) 5,790 (10,810) 540,440 55,520 630 9,490 520 620 1,410 1,840 23,050 13,960 (3,800) Merchandise Inventory, Ending 52,150