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Home Realty. Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 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 owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge On December 31, the following financial items for the entire year were determined sales revenue, $191,000, salaries and wages expense S102,000, interest expense. $6,800, advertising expenses $9275, and income tax expense. $19,000. Also during the year, the company declared and paid the owners dividends amounting to $17.000 Required: Prepare the company's income statement HOME REALTY, INCORPORATED Income Statement Required: Prepare the company's income statement HOME REALTY, INCORPORATED Income Statement &

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