On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company's records show the following items and amounts.

Exercise 1-14 Preparing an income statement L.O. P2

On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company's records show the following items and amounts.

Cash	$	12,000		Cash dividends	$	2,000
Accounts receivable		14,000		Consulting fees earned		16,000
Office supplies		25,500		Rent expense		2,880
Land		46,000		Salaries expense		6,400
Office equipment		18,000		Telephone expense		760
Accounts payable		45,000		Miscellaneous expenses		580
Common stock		67,120

Using the above information prepare an October income statement for the business. (Input all amounts as positive values. Omit the "$" sign in your response.)

REAL SOLUTIONS Income Statement For Month Ended October 31
Revenues:
Consulting fees earned			$ 16,000
Expenses:
Rent expense	$
Salaries expense
Telephone expense
Miscellaneous expenses
Total expenses			10,620
Net income			$ 5,380