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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 Dividends declared $9,900 General store revenue 27,500 Bank loan payable 55,000 Accounts payable 12,100 Salaries expense 97,900 Cash 9,350 Office expense 24,200 Equipment 125,400 Supplies 2,750 Income tax expense 5,500 Common shares (1/1/2022) 5.500 Supplies expense 14,300 Retained earnings (1/1/2022) 5.500 Additional information: $38,500 of common shares were issued during the year. (a) (a) Prepare a statement of income for Oriole Corporation for the year ended December 31, 2022. ORIOLE CORPORATION Statement of income $

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