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Cotona's Marketing Company has the following adjusted trial balance at the end of the current year Cash dividends of $590 were declared at the end

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Cotona's Marketing Company has the following adjusted trial balance at the end of the current year Cash dividends of $590 were declared at the end of the year, and 560 additional shares of common stock ($0.10 par value per shore) were issued at the end of the year for $2,240 in cash (for a total at the end of the year of 840 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,670 Accounts receivable 2,380 Interest receivable 230 Prepaid insurance 1,690 Long-tern notes receivable 2,840 Equipment 15,600 Accumulated depreciation $ 2,940 Accounts payable 2,320 Dividends payable 590 Accrued expenses payable 3,840 Income taxes payable 2,550 Unearned rent revenue 490 Common Stock (840 shares) 84 Additional paid-in capital 3,526 Retained earnings 4,070 Sales revenue 36,758 Interest revenue 180 Rent revenue 610 Wages expense 18,000 Depreciation expense 1,750 Utilities expense 370 Insurance expense * 790 Rent expense 9,900 Income tax expense 2,730 Total $ 57,950 $57,950 Prepare a multistep income statement for the current year. (Round your earnings per share to 2 decimal places. ) CATENA'S MARKETING COMPANY Income Statement For the current year Operating revenues: 1 ok 0 Total operating revenues Operating expenses: at 3 nces Total operating expenses 0 0 Other items: 0 Net income Earnings per share

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