Microsoft Corporation has provided the following details for the fiscal year ending June 30, 2023:

Financial Data	Amount ($)
Total Revenue	80,000,000
Cost of Goods Sold	50,000,000
Operating Expenses	15,000,000
Depreciation Expense	3,000,000
Interest Expense	1,500,000
Income Tax Expense	5,000,000
Dividends Paid	7,000,000
Beginning Retained Earnings	12,000,000

Requirements:

1. Prepare an income statement.
2. Determine the net income.
3. Draft a statement of retained earnings.
4. Calculate the earnings per share assuming 150,000 shares.
5. Assess the effects of a 10% increase in total revenue on net income.