INCOME STATEMENT WORKSHEET Part II. The following are the transactions on Bookchoice for December. Dec. 1 Dec. 3 Dec. 6 Dec. 17 Dec. 20 Dec. 22 Dec. 31 Maria A. Ganda deposited P300,000 of her personal funds in a special checking account for Bookchoice Services. Maria purchased the printing equipment she needed for P120,000 cash Purchased P20,000 worth of office supplies on credit Maria billed her client for P50,000 from services performed during the first half of December. Maria issued a P10,000 check to the supplier from whom office supplies had been purchased on Dec. 6. Maria received P50,000 from clients in response to the bills sent out on Dec. 17. Maria paid salaries of P20,000 to the workers she hired to assist her in the business operation. AP10,000 check was written to pay December's rent for the office -Maria billed her client for services performed during the last half of December -Maria withdrew P5,000 from the business for her personal use. Maria paid P5,000 for utility services received to P1,000 Required: Based on the above-numbered transactions, prepare an income statement using a single-step form INCOME STATEMENT BOOKCHOICE December 2022