Summarized operations for the Cora L. King Co.

for the month of July are as follows:

Revenues earned: for cash $45,000; on account

$80,000.

Expenses incurred: for cash $26,000; on account

$40,000.

Indicate for Cora L. King Co.

(a) the total revenues,

(b) the total expenses, and

(c) net income for the month of July.