Depreciationexpense(officefurnitureandequipment)PropertytaxexpenseBaddebtexpense(selling)Maintenanceandrepairsexpense(administration)OfficeexpenseSalesreturnsandallowancesDividendsrevenueInterestexpenseIncometaxexpenseDepreciationunderstatementduetoerror-2025(netoftax)DividendsdeclaredonpreferredstockDividendsdeclaredoncommonstock$7,7047,5434,4949,4795,74064,93438,98017,670108,19017,3988,52037,030 The following account balances were included in the trial balance of Tamarisk Corporation at June 30, 2025. The Retained Earnings account had a balance of $350,680 at July 1,2024 . There are 77,950 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30,2025 . (Round earnings per share to 2 derimal nlaree of 1 AR I Selling Expenses Salaries and Wages Expense Sales Commissions Travel Expense Delivery Expense Entertainment Expense Telephone and Internet Expense Depreciation Expense Maintenance and Repairs Expense Miscellaneous Selling Expenses Bad Debt Expense Total Selling Expenses Administrative Expenses Telephone and Internet Expense $ 57430 98700 35400 22110 14830 9070 5217 5893 4910 4494 Supplies Expense 3116 Depreciation Expense Property Tax Expense Maintenance and Repairs Expense Office Expenses Total Administrative Expenses V Income from Operations Other Revenues and Gains Dividend Revenue Other Expenses and Losses Interest Expense Income before Income Tax Income Tax Expense Net Income / (Loss) 7543 \begin{tabular}{|r|} \hline 9479 \\ \hline \\ \hline \end{tabular} 38980 326963309293 Earnings Per Common Share \begin{tabular}{ll} $ & 2.58 \\ \hline \end{tabular} Prepare a retained earnings statement for the year ended June 30, 2025. (List items that increase adjusted retained earnings first), Using the single-step form, prepare an income statement for the year ended June 30,2025 . (Round earnings per share to 2 decimal places, e.g. 1.48.) Travel Expense