Financial information related to Montana Interiors for October and November 20Y8 are as follows:

Line Item Description	October 31, 20Y8	November 30, 20Y8
Accounts payable	$43,100	$46,500
Accounts receivable	95,300	109,500
Capital stock	?	?
Retained earnings	130,000	170,000
Cash	168,100	285,300
Supplies	8,400	7,000

Prepare a balance sheet for Montana Interiors as of November 30, 20Y8.

Montana Interiors Balance Sheet November 30, 20Y8

Line Item Description	Amount	Amount
Assets
Accounts payableCapital stockCashRetained earningsRetained earnings		$Retained earnings
Accounts payableAccounts receivableCapital stockRetained earnings		- Select -
Accounts payableCapital stockRetained earningsSupplies		- Select -
Total assets		$Total assets
Liabilities
Accounts payableAccounts receivableCapital stockCashRetained earningsSupplies		$- Select -
Stockholders Equity
Accounts payableAccounts receivableCapital stockCash	$- Select -
Accounts payableAccounts receivableCashRetained earnings	- Select -
Total stockholders' equity		Total stockholders' equity
Total liabilities and stockholders' equity		$Total liabilities and stockholders' equity

Question Content Area

b. Determine the amount of net income for November, assuming that no additionalcapital stockwas issued and nodividendswere paid during the month. fill in the blank 1 of 1$

c. Determine the amount of net income for November, assuming that no additional capital stock was issued but dividends of $34,900 were paid during the month. fill in the blank 1 of 1$