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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 680 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,720 in cash (for a total at the end of the year of 800 shares). These effects are included below: 1, 700 2,850 Catena' s Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ Accounts receivable 2,260 Interest receivable 120 Prepaid insurance 1,660 Long-term notes receivable Equipment 15, 100 Accumulated depreciation $ 2,830 Accounts payable 2,260 payable 600 Accrued Income taxes payable expenses payable 3,770 2,570 Unearned rent revenue 330 Common Stock (800 shares) RO paid-in capital Retained earnings Sales revenue 37, 450 190 Rent revenue 740 18, 600 Depreciation expense 1, 750 Utilities expense 360 Insurance expense 710 Rent expense 9,400 Income tax expense 2, 750 Total $ 57, 260 $ 57, 260 3,550 2,890 Interest reves revenue Wages expense Prepare a multistep income statement for the current year. (Round your earnings per share to 2 decimal places.) Prepare a multistep income statement for the current year. (Round your earnings per share to 2 decimal places.) CATENA'S MARKETING COMPANY Income Statement Operating revenues: 0 Total operating revenues Operating expenses: Total operating expenses 0 0 Other items 0 Net income Earnings per share
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