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Monty 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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Monty 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 $860,000 service revenue and paid $336,000 in salaries, Interest expense was $13,500. 2. Paid dividends in December 2023 of $14,800 that had been declared in November 2023. 3. On March 10,2024, dedared dividends of $21,100 payable April 30,2024 . 4. Recorded and remitted income taces of $144,000 (related to 2024 fiscal year) during the year. 5. Issued common shares for $15,900 on January 31,2024 . 6. Retained earnings balance on April 1,2023 was $77,000. (a) Prepare an income statement

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