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Question 8 of 8 7.67/12 Sandhill 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 $516.500 of service revenue and incurred 8432,000 of operating expenses. Interest expense was $3,900, On October 5, 2020, paid $48,100 of dividends that had been declared on September 25, 2020 On September 28,2021. declared 540.300 of dividends payable on October 8, 2021. Retained earnings on September 30, 2020, were $234.500. Issued common shares for $26,700 cash on July 2 2021 5. Your answer is partially correct. Prepare an income statement SANDHILL LTD. Income Statement Year Ended Sember 30, 2021 Question 8 of 8