Xc Derwent Machinery, Inc. Trial Balance November 30, 20X0 Cash $ 86,000 113,000 79,000 1,300 Accounts receivable Inventory Prepaid rent Accounts payable Paid-in capital Retained earnings Sales Cost of goods sold Rent expense Wages expense 89,000 150,000 27,200 95,000 75,000 900 6,000 Totals $ 361,200 $ 361,200 Print Print The retained earnings balance was $40,200 on October 31, 20xo. Cash dividends of $13,000 wer Requirements 1. Prepare an income statement for the month of November. 2. Prepare the retained earnings column of a statement of stockholders' equity. 3. Prepare a balance sheet as of November 30, 20X0. Requirement 1. Prepare an income statement for the month of November. Derwent Machinery, Inc. Income Statement For the Month Ended November 30, 20X0 Deduct expenses: Net income (loss) Choose from any list or enter any number in the input fields and then click Check Answer. The retained earnings balance was $40,200 on October 31, 20x0. Cash dividends of $13,000 were declared and disbursed to stockholders on November 29,20x0. Requirements 1. Prepare an income statement for the month of November 2 Prepare the retained earnings column of a statement of stockholders' equity. 3. Prepare a balance sheet as of November 30, 20X0. Requirement 1. Penam nima statement for the month of Nowher