Home realty, incorparated has been operating for three years and is owned by three investors.J. Dow owns 60% of the total outstanding stock and 9000 shares and his managing executive in charge. on December 31 the following financial items for the entire year were determined sales revenue $201,000 salaries and wages expenses $104,000 interest expense $7000 advertising expenses $9375 an income tax expense $19,200. also during the year the company declared the paid owners dividends amounting to $19,000. prepare the companies income statement.

HOME REALTY, INCORPORATED Income Statement $ 0 $ 0