The Crane's Corner, a company that sells video games and related items, had the following account balances at the end of June $2024$:

Cost of goods sold $$98,100$

Common shares $36,800$

Advertising expense $7,400$

Equipment $15,900$

Depreciation expense $1,590$

Dividends declared $3,680$

Accounts payable $15,000$

Inventory $28,200$

Wages expense $39,400$

Sales revenue

$195,500$

Accounts receivable $13,200$

Rent expense $14,900$

Cash $47,930$

Prepaid rent $5,400$

Wages payable $6,800$

Retained earnings $($as at July $1,2023)21,600$Prepare a statement of income for the year ended June $30,2024.($Enter loss using either a negative sign preceding the number e$.$g$.-45$

or parentheses e$.$g$.(45).)$

The Crane's Corner

Statement of Income

For the Year Ended June $30,2024$