From the information given below, prepare a November income statement, a November statement of retained earnings, and a November 30 balance sheet. On November 1 of the current year, Victoria Garza began Garza Décor, Inc. with an initial investment of $50,000 cash. On November 30, her records showed the following (alphabetically arranged) items and amounts. 
Definitions:
Financial Leverage
Financial leverage is the use of borrowed money (debt) to amplify the potential returns from an investment or project.
Leverage
The use of borrowed funds to increase the potential return of an investment.
Optimal Capital Structure
The best mix of debt, preferred stock, and common equity that maximizes a company’s stock price while minimizing its cost of capital.
Stock Price
The current market price of a company's shares, as bought and sold by investors on stock exchanges.
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