The attached account balances were included in the trial balance of the Snapdragon Corporation as of June 30, 20X5. Not included in the accounts is an understatement to accumulated depreciation in the amount of $17,700 (net of income taxes) due to a miscalculation back in 20X3. The merchandise inventory at June 30, 20X5 amounted to $268,100. The Unappropriated Retained Earnings account had a balance of $187,000 at June 30, 20X5, before closing. The only entry in that account during the year was a debit of $41,600 to establish an Appropriation for Bonded Indebtedness. The company has 70,000 shares of common stock outstanding. Assume that all accounts have normal balances. REQUIRED: Using the multiple step format, prepare a Combined Statement of Income and Unappropriated Retained Earnings for the year ended June 30, 20X5