Amazon Inc. recorded the following transactions for the year ending December 31, 2023:

Revenue: $6,000,000

Cost of Goods Sold: $3,500,000

Selling Expenses: $700,000

Administrative Expenses: $900,000

Interest Expense: $150,000

Income Tax Expense: $250,000

Preferred Stock Dividends: $30,000

Preferred Stock: $800,000

Common Stock: $3,000,000

Retained Earnings, Jan 1, 2023: $1,000,000

Instructions:

Prepare a single-step income statement. (b) Calculate the earnings per share. (c) Prepare a retained earnings statement. (d) Determine the ending balance in retained earnings. (e) Calculate the return on equity.