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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 2024 year end:
Oriole Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2024 year end: 1. Earned $440,100 of service revenue and incurred $367,700 of operating expenses. Interest expense was $2,080. 2. On October 5, 2023, paid $41,600 of dividends that had been declared on September 25, 2023. 3. On September 28, 2024, declared $33,280 of dividends payable on October 8, 2024. 4. Retained earnings on September 30, 2023, were $197,600. 5. Issued common shares for $20,800 cash on July 2, 2024. A)Prepare an income statement
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