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Problem 4-4 (Part Level Submission) The following account balances were included in the trial balance of Marin Corporation at June 30, 2017. Sales revenue $1,593,520
Problem 4-4 (Part Level Submission) The following account balances were included in the trial balance of Marin Corporation at June 30, 2017. Sales revenue $1,593,520 Depreciation expense (office furniture and equipment) Sales discounts 32,700 Property tax expense Cost of goods sold 901,800 Bad debt expense (selling) Salaries and wages expense (sales) 56,930 Maintenance and repairs expense (administration) Sales commissions 99,240 Office expense Travel expense (salespersons) 30,000 Sales returns and allowances Delivery expense 22,810 Dividends received Entertainment expense 14,950 Interest expense Telephone and Internet expense (sales) 9,040 Income tax expense Depreciation expense (sales equipment) 4,570 Depreciation understatement due to error-2014 (net of tax) Maintenance and repairs expense (sales) 5,928 Dividends declared on preferred stock Miscellaneous selling expenses 5,026 Dividends declared on common stock Office supplies used 3,739 Telephone and Internet expense (administration) 2,642 $6,696 7,351 5,122 8,708 6,540 61,888 39,000 19,350 100,240 17,792 8,320 37,670 The Retained Earnings account had a balance of $366,280 at July 1, 2016. There are 78,920 shares of common stock outstanding. (ai) Using the multiple-step form, prepare an income statement for the year ended June 30, 2017. (Round earnings per Share to 2 decimal places, e.g. 1.48.) MARIN CORPORATION Income Statement Sales Sales Revenue klikk 1 KI KI | LLLL
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