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Oriole Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2021 year end:

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Oriole Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2021 year end: 1. 2 3. Earned $546,000 of service revenue and incurred $465,500 of operating expenses. Interest expense was $2,000. On October 5, 2020, paid $51.600 of dividends that had been declared on September 25, 2020. On September 28, 2021. declared $40,100 of dividends payable on October 8, 2021. Retained earnings on September 30, 2020, were $230.500. Issued common shares for $22.500 cash on July 2.2021. 4. 5. Prepare an income statement. ORIOLE LTD. Income Statement $ A

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