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Oriole Corporation is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2022.

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Oriole Corporation is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue $145,200 Dividend declared $9,900 General store revenue 27,500 55,000 Bank loan payable 12.100 Accounts payable 97,900 Salaries expense Cash 9,350 24,200 Office expense Equipment 125,400 Supplies 2.750 5,500 Income tax expense Common shares (1/1/2022) 5,500 14,300 Supplies expense 5,500 Retained earnings (1/1/2022) Additional information: $38,500 of common shares were issued during the year. Prepare a statement of income for Oriole Corporation for the year ended December 31, 2022. ORIOLE CORPORATION Statement of income $

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