Crane Ltd. has a September 30 fiscal year end and a 15\% income tax rate. The following information is available for its 2024 year end: 1. Earned $474,000 of service revenue and incurred $396,000 of operating expenses. Interest expense was $2,240. 2. On October 5,2023 , paid $44,800 of dividends that had been declared on September 25, 2023. 3. On September 28,2024 , declared $35,840 of dividends payable on October 8,2024. 4. Retained earnings on September 30,2023 , were $212,800. 5. Issued common shares for $22,400 cash on July 2,2024 . (a) Prepare an income statement