Question
The following account balances were included in the trial balance of Bramble Corporation at June 30, 2025. Depreciation expense (office furniture and equipment) Sales
The following account balances were included in the trial balance of Bramble Corporation at June 30, 2025. Depreciation expense (office furniture and equipment) Sales revenue $1,595,870 Sales discounts 33,040 Property tax expense Cost of goods sold 897,600 Bad debt expense (selling) Salaries and wages expense (sales) 56,520 Maintenance and repairs expense (administration) Sales commissions 98,900 Office expense Travel expense (salespersons) 35,200 Sales returns and allowances Delivery expense 23,290 Dividends revenue Entertainment expense 14,990 Interest expense Telephone and Internet expense (sales) 9,160 Income tax expense Depreciation expense (sales equipment) 4,914 Depreciation understatement due to error-2025 (net of tax) Maintenance and repairs expense (sales) 6,715 Dividends declared on preferred stock Miscellaneous selling expenses 4,689 Dividends declared on common stock Office supplies used 3,656 Telephone and Internet expense (administration) 2,966 The Retained Earnings account had a balance of $370,560 at July 1, 2024. There are 75,830 shares of common stock outstanding. (a1) 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.) BRAMBLE CORPORATION Income Statement For the Year Ended June 30, 2025
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