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Martinez Rides Inc. has a March 31, 2024, fiscal year end and a 35% income tax rate. The following information is available for its 2024

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Martinez Rides Inc. has a March 31, 2024, fiscal year end and a 35% income tax rate. The following information is available for its 2024 year end: 1. Performed $862,000 service revenue and paid $339,000 in salaries. Interest expense was $13,300. 2. Paid dividends in December 2023 of $14,100 that had been declared in November 2023 . 3. On March 10,2024 , declared dividends of $19,400 payable April 30,2024 . 4. Recorded and remitted income taxes of $146,000 (related to 2024 fiscal year) during the year. 5. Issued common shares for $16,000 on January 31,2024 . 6. Retained earnings balance on April 1, 2023 was $75,000. Prepare an income statement. Prepare an income statement

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