Chapter 1, Problem 5P

Premier Utilities Group Company's revenue for April is $92,000, but only $22,000 cash is collected. Expenses for April are $53,000, of which $37,000 is paid in cash. During April, additional capital stock is issued in exchange for $8,000 cash. Using the accrual basis of accounting, what would Premier Utilities Group Company's income statement for April report? Need answer

I need help solving this general accounting question with the proper methodology.

I am trying to find the accurate solution to this general accounting problem with appropriate explanations.