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Problem 4-5 (Income Statement, Retained Earnings) The following account balances were included in the trial balance of T Corporation at 30 June 2022: The Retained

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Problem 4-5 (Income Statement, Retained Earnings) The following account balances were included in the trial balance of T Corporation at 30 June 2022: The Retained Earnings account had a balance of $337,000 at 1 July 2021. There are 80,000 ordinary shares outstanding during the year ended 30 June 2022. Instructions: Prepare an income statement and a retained earnings statement for the year ended 30 June 2022

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