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 $550,200 of service revenue and incurred $459,700 of operating expenses. Interest expense was $2.600. 2 On October 5, 2023, paid $52,000 of dividends that had been declared on September 25, 2023. 3. On September 28, 2024, declared $41,600 of dividends payable on October 8, 2024, 4. Retained earnings on September 30, 2023, were $247,000. 5. Issued common shares for $26,000 cash on July 2, 2024. (a) Prepare an income statement.