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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

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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 of the yea and 670 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,680 in cash (for a total at the end of the year of 810 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the current Year Debit Cash $ 1,630 Accounts receivable 2.300 Interest receivable 190 Prepaid insurance 1,790 Long-term notes receivable 2.990 Equipment 15,200 Accumulated depreciation $ 2.970 Accounts payable 2.210 Dividends payable 600 Accrued expenses payable 3,800 Income taxes payable 2.570 Unearned rent revenue 480 Common Stock (810 shares) Additional paid-in capital 3,469 Retained earnings 4.08o Sales revenue 36,850 Interest revenue Rent revenue Wages expense 9,000 Depreciation expense Utilities expense 340 Insurance expense 800 Rent expense 9.200 Income tax expense 2,740 Total $ 57,970 $ 57,970 750 1,790 Prepare a multistep income statement for the current year. (Round your earnings per share to 2 decimal places. ) Answer is complete but not entirely correct. 00 Prepare a muitstep income statement for the current year. (Rouna your earnings per snare to 2 decimal places.) points Answer is complete but not entirely correct. CATENA'S MARKETING COMPANY Income Statement For the current year Operating revenues: Sales revenue 36,850 Total operating revenues 36,850 Operating expenses: Wages expense 19,000 Depreciation expense 1,790 Utilities expense 340 Insurance expense 800 Rent expense 9,200 ooo 31,130 5,720 Total operating expenses Operating income Other items: Interest revenue Rent revenue 110 750 Pretax income Income tax expense Net Income Earnings per share 6,580 2,740 3,840 5.73 $ $

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