Peters Curling Inc. operates several curling centres for games and equipment sales. The following transactions occurred in October of the current year:
Peters collected $ from customers for games played in October.
Peters sold curling equipment inventory for $; received $ in cash and the rest on account; the cost of sales is $
Peters received $ from customers on account who purchased merchandise in September.
The curling league gave Peters a deposit of $ for the upcoming fall season.
Peters paid $ for the September electricity bill and received the October bill for $ which will be paid in November.
Peters paid $ to employees for work in October.
Peters purchased and paid $ in insurance for coverage from October to December
Peters paid $ to plumbers for repairing a broken pipe in the washrooms.
Required:
Prepare a statement of earnings for Peters Curling Inc. for the month of October of the current year. Use an income tax rate of percent.
