Kris completed the following transactions related to the business:

On November 1, 2018, Kris Lehman established an interior decorating business, Modern Designs. During the month, Kris completed the following transactions related to the business:

Nov. 1 Kris transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $36,000.
1 Paid rent for period of November 1 to end of month, $4,000.
6 Purchased office equipment on account, $16,000.
8 Purchased a truck for $43,000 paying $4,300 cash and giving a note payable for the remainder.
10 Purchased supplies for cash, $1,860.
12 Received cash for job completed, $8,000.
15 Paid annual premiums on property and casualty insurance, $2,400.
23 Recorded jobs completed on account and sent invoices to customers, $15,500.
24 Received an invoice for truck expenses, to be paid in November, $1,250.
Nov. 29 Paid utilities expense, $3,660.
29 Paid miscellaneous expenses, $1,700.
30 Received cash from customers on account, $10,500.
30 Paid wages of employees, $4,750.
30 Paid creditor a portion of the amount owed for equipment purchased on November 6, $4,000.
30 Paid dividends, $1,600.

Prepare an Income Statement, Retained earning statement, and a Balance Sheet.

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