On September 1, 2016, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30, 2016, the accounting records contained the following amounts: 
Required:
Prepare a single-step income statement for September for the first month of Fast Track's operation. Ignore income taxes.
Definitions:
Social Categorization
The process of classifying people into groups based on shared characteristics such as nationality, race, or gender.
Out-Group Homogeneity Bias
The perception that members of an out-group are more similar to each other than they actually are or compared to the members of the in-group.
Hypothetical Elderly
A constructed scenario or population involving older adults used to explore theoretical outcomes or behaviors.
Belief Perseverance
The persistence in holding onto beliefs even in the face of evidence to the contrary.
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