Marin Limited is a private corporation reporting under ASPE. At December 31, 2021, its general ledger contained the following summary data: Cost of goods sold Interest expense $1,215,000 35,800 Interest revenue 14,800 Operating expenses 217,000 Retained earnings, January 1 552,900 Sales 1,656,000 Additional information: 1. In 2021, common share dividends of $24,800 were declared on June 30 and December 31. The dividends were paid on July 8, 2021, and January 8, 2022, respectively. 2. The company's income tax rate is 20%. Record the dividend transactions in 2021. (Credit account titles are automatically indented when the manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Red presented in the problem.) Date Account Titles and Explanation (To record declaration of dividend.) Debit Determine income tax expense. Income tax expense $ Prepare a multiple-step income statement for 2021. MARIN LIMITED Income Statement Prepare a statement of retained earnings for 2021. (List items that increase retained earnings fi MARIN LIMITED Statement of Retained Earnings $ SA $