Ivanhoe Ltd$.$ has a September $30$ fiscal year end and a $15\%$ income tax rate. The following information is available for its $2024$ year end:

$1.$ Earned $$457,100$ of service revenue and incurred $$381,900$ of operating expenses. Interest expense was $$2,160.$

$2.$ On October $5,2023,$ paid $$43,200$ of dividends that had been declared on September $25,2023.$

$3.$ On September $28,2024,$ declared $$34,560$ of dividends payable on October $8,2024.$

$4.$ Retained earnings on September $30,2023,$ were $$205,200.$

$5.$ Issued common shares for $$21,600$ cash on July $2,2024.$

$<$

$>$

$($a$)$

Prepare an income statement.

SL

IVANHOE