Current Attempt in Progress Pronghorn Rides Inc. has a March 31, 2024, fiscal year end and a 35% income tax rate. The following information
Current Attempt in Progress Pronghorn Rides Inc. has a March 31, 2024, fiscal year end and a 35% income tax rate. The following information is available 2024 year end. Performed $887,000 service revenue and paid $328,000 in salaries. Interest expense was $13,800. 2 Paid dividends in December 2023 of $14,800 that had been declared in November 2023. 3. On March 10, 2024, declared dividends of $20,500 payable April 30, 2024. Recorded and remitted income taxes of $142,000 (related to 2024 fiscal year) during the year. 5. issued common shares for $16,000 on January 31, 2024. 6. Retained earnings balance on April 1, 2023 was $78,000.
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