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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 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 $610 were declared at the end of the year, and 520 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,080 in cash (for a total at the end of the year of 820 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit $ 1,540 2,270 140 1,660 2,910 16,400 $ 2,940 2,310 Cash Accounts receivable Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (820 shares) Additional paid-in capital Retained earn earnings Sales revenue Interest revenue Rent revenue * Fever Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total 610 3,800 2,690 12 420 82 520 3,528 3,900 37,150 160 740 18,300 1,790 390 780 9,400 2,750 $ 58,330 $ 58,330 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: Total operating revenues Operating expenses: Total operating expenses 0 0 Other items: 0 Net income Earnings per share
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