Selling Expenses Salaries and Wages Expense Sales Commissions Travel Expense Delivery Expense Entertainment Expense Telephone and Internet Expense Depreciation Expense Maintenance and Repairs Expense Miscellaneous Selling Expenses Bad Debt Expense Total Selling Expenses Administrative Expenses Telephone and Internet Expense Supplies Expense 98700 35400 22110 14830 9070 5217 5893 4910 4494 2587 3116 Prepare a retained earnings statement for the year ended June 30, 2025. (List items that increase adjusted retained earnings first.) Depreciationexpense(officefurnitureandequipment)PropertytaxexpenseBaddebtexpense(selling)Maintenanceandrepairsexpense(administration)OfficeexpenseSalesreturnsandallowancesDividendsrevenueInterestexpenseIncometaxexpenseDepreciationunderstatementduetoerror-2025(netoftax)DividendsdeclaredonpreferredstockDividendsdeclaredoncommonstock$7,7047,5434,4949,4795,74064,93438,98017,670108,19017,3988,52037,030 The following account balances were included in the trial balance of Tamarisk Corporation at June 30, 2025. The Retained Earnings account had a balance of $350,680 at July 1,2024. There are 77,950 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30,2025. (Round earnings per share to 2 decimal places, e.g. 1.48.) Depreciation Expense Property Tax Expense Maintenance and Repairs Expense Office Expenses Total Administrative Expenses Income from Operations Other Revenues and Gains Dividend Revenue Other Expenses and Losses Interest Expense Income before Income Tax Income Tax Expense Net Income / (Loss) Earnings Per Common Share 7704 7543 \begin{tabular}{|r|} \hline 9479 \\ \hline 5740 \\ \hline \end{tabular}