Cullumber 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 $465,500 of service revenue and incurred $389,000 of operating expenses. Interest expense was $2,200.
2.		On October 5, 2023, paid $44,000 of dividends that had been declared on September 25, 2023.
3.		On September 28, 2024, declared $35,200 of dividends payable on October 8, 2024.
4.		Retained earnings on September 30, 2023, were $209,000.
5.		Issued common shares for $22,000 cash on July 2, 2024.

(a)

Prepare an income statement.

CULLUMBER LTD. Income Statement choose the accounting period September 30, 2024Quarter Ended September 30, 2024Year Ended September 30, 2024
enter an income statement item		$enter a dollar amount
enter an income statement item		enter a dollar amount
select a summarizing line for the first part Cash Dividends DeclaredGross ProfitInvestmentsOther ExpensesProfit before Income TaxProfit from OperationsProfit / (Loss) for the YearRetained Earnings, October 1, 2023Retained Earnings, September 30, 2024		enter a total amount for the first part
enter an income statement item		enter a dollar amount
select a summarizing line for the second part Cash Dividends DeclaredGross ProfitInvestmentsOther ExpensesProfit before Income TaxProfit from OperationsProfit / (Loss) for the YearRetained Earnings, October 1, 2023Retained Earnings, September 30, 2024		enter a total amount for the second part
enter an income statement item		enter a dollar amount
select a closing name for this statement Cash Dividends DeclaredGross ProfitInvestmentsOther ExpensesProfit before Income TaxProfit from OperationsProfit / (Loss) for the YearRetained Earnings, October 1, 2023Retained Earnings, September 30, 2024		$enter a total profit or loss amount