The following account balances were included in the trial balance of Bonita Corporation att june $30,2025.$

Sales revenue

Sales discounts

Cost of goods sold

Salaries and wages expense $($sales$)$

Sales commissions

Travel expense $($salespersons$)$

Delivery expense

Entertainment expense

Telephone and Internet expense $($sales$)$

Depreciation expense $($sales equipment$)$

Maintenance and repairs expense $($sales$)$

Miscellaneous selling expenses

Office supplies used

Telephone and Internet expense $($administration$)$

$$1,591,810$

$32,450$

$905\mathrm{.}200$

$56\mathrm{.}300$

$98,910$

$31\mathrm{.}100$

$22\mathrm{.}450$

$15\mathrm{.}030$

$9\mathrm{.}050$

$4,913$

$5\mathrm{.}651$

$5,050$

$3\mathrm{.}425$

$2,898$

Qepreciation expertse $($office furniture and equipment$)$

Property tax expense

Bad debt expense $($selling$)$

Maintenance and repairs expense $($administrration$)$

Qffice expense

Sales returns and allowances

Divitends revenue

Interest expense

Income tax expense

Depreciation understatement dule to ernor$-2025($net of tax$)$

Dividends declared on preferted stock

Dividends declared on common stomk

Dividends declared on common stofk

a$.$ Using the single step form, prepare an income statement for the year ended june $30,2025$

B$.$ Prepare a retained earnings state ment for the year ended june $30,2025$

Using the single$-$step form, prepare an income statement for the year ended June $30,2025.($Round earnings per share to $2$ decinial places e$.$s$.148.)$

Revenues

Sales Revenue

Dividend Revenue

Expenses

Cost of Goods Sold

Selling Expenses

Adminlstratlve Expenses

Interest Expense

Income before income Tax

Prepare a retained earnings statement for the year ended June $30,2020.($List items that increase odjusted retained eamings first$)$

Question $5$ of $8$

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The following account balances were included in the trial balance of Bonita Corporation at June $30,2025.$

$\backslash$table$[[$Sales revenue,$$1,591,810,$Depreciation expense $($office furniture and equipment$)],[$Sales discounts,$32,450,$Property tax expense$],[$Cost of goods sold,$905\mathrm{.}200,$Bad debt expense $($selling$)],[$Salaries and wages expense $($sales$),56\mathrm{.}300,$Maintenance and repairs expense $($administration$)],[$Sales commissions,$98,910,$Dffice expense$],[$Travel expense $($salespersons$),31,100,$Sales returns and allowances$],[$Delivery expense,$22,450,$Dividends revenue$],[$Entertainment expense,$15,000,$Interest expense$],[$Telephone and Internet expense $($sales$),9\mathrm{.}050,$Income tax expense$],[$Depreciation expense $($sales equipment$),4,913,$Depreciation understatement due to error$-2025($net of tax$)],[$Maintenance and repairs expense $($sales$),5,651,$Dividends declared on preferred stock$],[$Miscellaneous selling expenses,$5,050,$Dividends declared on common stock$],[$Office supplies used,$3,425,],[$Telephone and Internet expense $($administration$),2,898,]]$

$$

$$ The Retained Earnings account had a balance of $$352,030$ at July $1,2024.$ There are $75,250$ shares of common stock outstanding.