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2 357 10 Neighborhood Realty, Incorporated, has been operating for three years and is owned by three investors S. Bhojraj owns 60 percent of
2 357 10 Neighborhood Realty, Incorporated, has been operating for three years and is owned by three investors S. Bhojraj owns 60 percent of the total outstanding stock of 9,090 shares and is the managing executive in charge. On December 31, current year, the following financial items for the entire year were determined commissions earned and collected in cash, $152.800, plus $16,400 uncollected rental service fees eamed and collected, $21,500, salaries expense paid, $62.350, commissions expense paid, $35,190, payroll taxes paid, $2,400, rent paid for January through November $2,497 (not including December rent yet to be paid usities expense paid $1,800, promotion and advertising paid, $7610; income taxes paid, $24.300, and miscellaneous expenses paid, $400 There were no other unpaid expenses at December 31 Also during the year, the company paid the owners "out-of-proft" cash dividends amounting to $11.500 Complete the following income statement NEIGHBORHOOD REALTY, INCORPORATED Income Statement Revenues Commissions ea Rental sence fe Exp Commission expense Promotion and averting expere
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