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

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Ivanhoe Ltd, has a September 30 fiscal year end and a 15% income tax rate. The following information is available foc its 2024 year end: 1. Earned $550,200 of service revenue and incurred $459.700 of operating expenses. Interest oxense was $2.600. 2. On October 5,2023 , paid $52,000 of dividends that had been dectared on 5eptember 25, 2023. 3. On Septomber 28,2024 , declared $41,600 of dividerids payable on October 8,2024. 4. Retained earnings on September 30,2023 , were $247,000. 5. Issued common shares for $26.000 cash on Julv 2.2024 Prepare an income statement

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