Santys Co is a merchandise store, has the following data for the year ended december 31,2022

Sales Revenues $449,000

Cost of goods sold 103,000

Administrative Expenses 76,000

Interest Revenues 40,000

Selling Expeses 39,390

General Expenses 4,540

WASCO 50,000

Income Taxes Expenses 79,821

Dividends Paid and declared 9,000

Retained Earnings for December 31,2021

Intructions

for 2022

1- Prepare the income statement- single form

2- Prepare the statement of tetained Earnings

3- Prepare the closing entris for Santys Co.