This exercise should be used with Exercise 1-37B.

Requirements
1. Prepare the income statement of Mary Burke Realty Company for the year ended March 31, 2018.

2. What amount of dividends did Mary Burke Realty Company declare during the year ended March 31, 2018?Prepare a statement of retained earnings.)

Data from Exercise 1-37B.

The following are the assets and liabilities of Mary Burke Realty Company, as of March 31, 2018. Also included are revenue, expense, and selected stockholders’ equity figures for the year ended on that date (amounts in millions):

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$135.1 Total revenue Receivables.. Current liabilities - Common stock. Interest expense. Salary and other employee expenses. Long-term liabilities Investment assets (long-term).. Property and equipment, net.. Other expenses.. Retained earnings, beginning. Retained earnings, ending . Cash... Other assets (long-term). $ 40.4 0.1 2.7 27.9 1.4 6.6 17.2 0.4 15.2 102.3 1.6 10.3