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Home Realty, Incorporated, has been operating for three years and is owned by three investors J Doe pwrm 6 percent of the total outstanding stock

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Home Realty, Incorporated, has been operating for three years and is owned by three investors J Doe pwrm 6 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge On December 21, the following financial items for the entire year were determined: sales revenue, $211000, salaries and wages expense $106.000, interest expense. 57,200 advertising expenses. $9,475, and income tax expense, $19,400. Also during the year, the company declared and paid the owners dividends amounting to $12.000 outstanding stock entire year were determined: sales revenue, $211,000; sala expenses. $9,475; and income tax expense, $19,400. Also amounting to $12,000. Required: Prepare the company's income statement. HOME REALTY, INCORPORATED Income Statement $ CA 0 $ 0

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