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5 15 points Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $630 were declared

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5 15 points Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $630 were declared at the end of the year, and 530 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,120 in cash (for a total at the end of the year of 850 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the current Year Debit Credit Cash $ 1,670 Accounts receivable 2,320 Interest receivable 110 Prepaid insurance 1,730 Long-term notes receivable 2.970 Equipment 16,000 Accumulated depreciation $ 2.850 Accounts payable 2,310 Dividends payable 630 Accrued expenses payable 3,890 Income taxes payable 2,520 Unearned rent revenue 440 Common Stock (850 shares) Additional paid-in capital 3,535 4,130 Retained earnings Sales revenue 36,950 Interest revenue 120 Rent revenue 720 Wages expense 18,000 Depreciation expense 1,770 410 Utilities expense Insurance expense 770 Rent expense 9,700 Income tax expense 2,730 Total $ 58,180 $58,180 15 points Prepare a multistep income statement for the current year. (Round your earnings per share to 2 decimal places.) Answer is not complete. CATENA'S MARKETING COMPANY Income Statement $ Operating revenues: Sales revenue Total operating revenues Operating expenses 36,950 36,950 Rent expense Insurance expense Utilities expense Depreciation expense Wages expense Total operating expenses OOOOO 9,700 770 410 1.770 18,000 30,650 6,300 OOOOO Other items Interest revenue Rent revenue 00 120 720 Pretax income Income tax expense Net Income Earnings per share 7,140 2,730 4,410 5.18 x $ $ ol

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