1. prepare the income statement and the statement of retained earnings of dogan company Center Incorporated for the month ended July 31st 2012.

E1-24A(Learning Objective 5: Construct an incume statemment and a statement of retained earming Assume the Dogan Copy Center ended the month of July 2012 with these data: Payments of cash: Acquisition of equipment $460,000 Dividends 4,700 Retained earnings July 1, 2012 Retained earnings July 31, 2012 Utilities expense 10,500 Adjustments to reconcile net income to net cash provided by operations 2,700 Salary expense 160,000 Cash balance. July 1, 2012