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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: Earned $626,300 of service revenue and incurred $523,300 of operating expenses. Interest expense was $2,960. On October 5,2023 , paid $59.200 of dividends that had been declared on September 25. 2023. On September 28,2024 , declared $47.360 of dividends payable on October 8,2024 . Retained earnings on September 30.2023 , were $281.200. Issued common shares for $29,600 cash on July 2, 2024 . (a) Prepare an income statement. ORIOLELTD. Income Statement
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