With this information, please make a multi step income statement.
BEACON LUMBER, MONTH OF DECEMBER Dec Beacon purchases a general liability insurance policy for $1,200, paying cash. The term of the policy is one year, from Dec 1, 2009 through Nov 30, 2010 Dec 1 Beacon purchases a forklift for $10,000, paying half in cash and half with a year, 12% note. The forklift is a well made American Machine & Foundry product, and it is expected to last for 10 years. Beacon purchases office equipment for $2,000, paying cash. The equipment has an expected life of 5 years Dec 1 Beacon purchases 30,000 bd. ft. of lumber from BWLC for $27,000. Again, after reaching its credit limit it paid cash for the remaining amount. Dec 3 On this day Beacon sent a check to pay for December's rent for the office trailer Dec 3 Beacon signs a contract with SCORE Construction to have a warehouse built on its property. The warehouse will cost $20,000. Beacon will pay SCORE by issuing S10,000 worth of stock, paying S5,000 in cash and issuing a note for the balance Dec 6 Dec 6 Beacon pays $300 for three months of advertising on a web site. The ad will run from Dec 15, 2009 through March 15, 2010. Dec 6 The sister of investor #2 purchases the balance of investor #2's Beacon stock for $3,000 (see General Journal, Nov 15). Dec 7 Beacon pays the lawyer's bill received on Nov 4. Dec 15 Mark Peltz, a local sculptor, agrees to rent 1 acre of land at the rear of Beacon's lot to use as an outdoor studio. He pays $600 for 4 months rent The lease will start on Dec 15 BEACON LUMBER, MONTH OF DECEMBER Dec Beacon purchases a general liability insurance policy for $1,200, paying cash. The term of the policy is one year, from Dec 1, 2009 through Nov 30, 2010 Dec 1 Beacon purchases a forklift for $10,000, paying half in cash and half with a year, 12% note. The forklift is a well made American Machine & Foundry product, and it is expected to last for 10 years. Beacon purchases office equipment for $2,000, paying cash. The equipment has an expected life of 5 years Dec 1 Beacon purchases 30,000 bd. ft. of lumber from BWLC for $27,000. Again, after reaching its credit limit it paid cash for the remaining amount. Dec 3 On this day Beacon sent a check to pay for December's rent for the office trailer Dec 3 Beacon signs a contract with SCORE Construction to have a warehouse built on its property. The warehouse will cost $20,000. Beacon will pay SCORE by issuing S10,000 worth of stock, paying S5,000 in cash and issuing a note for the balance Dec 6 Dec 6 Beacon pays $300 for three months of advertising on a web site. The ad will run from Dec 15, 2009 through March 15, 2010. Dec 6 The sister of investor #2 purchases the balance of investor #2's Beacon stock for $3,000 (see General Journal, Nov 15). Dec 7 Beacon pays the lawyer's bill received on Nov 4. Dec 15 Mark Peltz, a local sculptor, agrees to rent 1 acre of land at the rear of Beacon's lot to use as an outdoor studio. He pays $600 for 4 months rent The lease will start on Dec 15
