Blossom Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2024 year end: 1. Earned $575,600 of service revenue and incurred $480,900 of operating expenses. Interest expense was $2,720. 2. On October 5, 2023, paid $54,400 of dividends that had been declared on September 25, 2023. 3. On September 28, 2024, declared \$43,520 of dividends payable on October 8, 2024. 4. Retained eamings on September 30,2023 , were $258,400. 5. Issued common shares for $27,200 cash on July 2,2024