Pronghorn Rides Inc, has a March 31, 2024, fiscal year end and a 35% income tax rate. The following information is available for its 2024 year end: 1. Performed $887,000 service revenue and paid $328,000 in salaries, Interest expense was $13,800. 2. Paid dividends in December 2023 of $14,800 that had been declared in November 2023. 3. On March 10, 2024, declared dividends of $20.500 payable April 30,2024 . 4. Recorded and remitted income taxes of $142.000 (related to 2024 fiscal year) during the year: 5. Issued common shares for $16,000 on January 31, 2024. 6. Retained earnings balance on April 1. 2023 was $78,000. Prepare an income statement. Record the adjustment to income tax. (Credit account titles are autamotically inslented when the amount is entured. Do not inde manually. List debit entry before credit entry. If no entry is required, select "Wo Entry' for the scrount tities and enter ofor the arno Interest Expense \begin{tabular}{l} Total Expenses \\ Cash Dividends \\ Gross Profit \\ Net Profit/Loss for the Year \\ Other Expenses \\ Profit before Taxes \\ Profit from Operations \\ Retained Earnings, March 31,2024 \\ Retained Earnings April 1, 2023 \\ Revenue \\ Total Expenses \\ manually. List debit entry before credit entry. If no entry is required, \\ \hline Credit account titles are a \end{tabular} Record the adjustment to income tax. (Credit occount tites are outomatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select 'No Entry' for the occount titles and enter 0 for the amounts) Last saved 21 minutes ago. Attempts: 0 of 1 used Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes