Sheridan Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2021 year end: 1. 2. 3. Earned $ 527,000 of service revenue and incurred $441,500 of operating expenses. Interest expense was $3,300. On October 5, 2020, paid $ 48.300 of dividends that had been declared on September 25, 2020. On September 28, 2021, declared $ 40.900 of dividends payable on October 8, 2021. Retained earnings on September 30, 2020, were $ 244.000. Issued common shares for $25,300 cash on July 2. 2021. 4 5. (a) Prepare an income statement. SHERIDAN LTD. Income Statement $