Seminoles Corporation$$s fiscal year$-$end is December $31,2024.$ The following is a partial listing of adjusted account balances as of December $31.$

Accounts Balance

Retained Earnings $$30,000$

Dividends $$3,000$

Sales Revenue $50,000$

Interest Revenue $6,000$

Cost of Goods Sold $15,000$

Rent Expense $6,000$

Advertising Expense $3,000$

Insurance Expense $11,000$

Interest Expense $5,000$

Required:

$1.$Based on the information above, prepare the Income Statement for Seminoles Corporation for December $31,2024.$

$2.$Complete this question by entering your answers in the tabs below

Required $1$

Required $2$

Based on the information above, prepare the Income Statement for Seminol

$\backslash$table$[[$Seminoles Corporation,$],[,$Income Statement,$],[,,],[,,],[$Operating expenses:,,$],[,,],[,,],[,,],[,,],[$Total operating expenses,,$],[,,],[$Other revenues and expenses:,,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance.