Accounts receivable $275,000advertising expenses 54,000cash 260,000depreciation—factory equipment 16,800depreciation—office equipment 2,400direct labor 42,000factory supplies used 16,800factory utilities 10,200finished goods inventory, november 1 72,550finished goods inventory, november 30 68,800indirect labor 48,000office supplies expense 1,600other administrative expenses 72,000prepaid expenses 41,250raw materials inventory, november 1 38,000raw materials inventory, november 30 52,700raw materials purchases 184,500rent—factory equipment 47,000repairs—factory equipment 4,500salaries 325,000sales revenue 1,350,000sales commissions 40,500work in process inventory, november 1 52,700work in process inventory, november 30 42,000
a list of accounts and their values are given above. from this information, prepare an income statement, and the current assets section of the balance sheet for waterways corporation for the month of november 2016.