Cheyenne Rides Inc. has a March $31,2024,$ fiscal year end and a $35\%$ income tax rate. The following information is available for its $2024$ year end:$1.$ $$862,000$ service revenue and paid $$347,000$ in salaries. Interest expense was $$13,900\mathrm{.}2.$ Paid dividends in December $2023$ of $$15,000$ that had been declared in Novemb. Performed $$862,000$ service revenue and paid $$347,000$ in salaries. Interest expense was $$13,900\mathrm{.}2.$ Paid dividends in December $2023$ of $$15,000$ that had been declared in November $2023\mathrm{.}3.$ On March $10,2024,$ declared dividends of $$21,900$ payable April $30,2024\mathrm{.}4.$ Recorded and remitted income taxes of $$147,000($related to $2024$ fiscal year$)$ during the year$\mathrm{.}5.$ Issued common shares for $$15,500$ on January $31,2024\mathrm{.}6.$ Retained earnings bisance on April $1,2023$ was $$67,000.$prepare an income statement and record the adjustment entry to income tax. also prepare a statement of retained earnings.