Answer:
a. Income Statement for the month of October 2022
<u>Revenue:</u>
Service revenue                               $19,540
<u>Expenses:</u>
Salaries and Wages         $2,800
Supplies Expenses           $360
Depreciation Expenses    $260
Interest Expenses             <u>$350   </u>
Total Expenses                                  <u>$3,770</u>
Net Income                                        <u>$15,770</u>
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b. Retained earnings statement for the month of October 2022
Retained Earnings, October 1, 2020      $0
Add: Net Income                                      <u>$15,770 </u>
Retained Earnings, October 31, 2020  <u>$15,770</u>