The following account balances were included in the trial balance of Skysong Corporation at June 30, 2020. $1,591,380 31,400 897,600 Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) 56,910 Depreciation expense (office furniture and equipment) Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received Interest expense 99,340 31,300 Delivery expense 22,560 Entertainment expense 14,840 9,120 Income tax expense 5,097 Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used 5,655 Depreciation understatement due to error-2017 (net of tax) Dividends declared on preferred stock Dividends declared on common stock 4,254 3,722 Telephone and Internet expense (administration) 2,677 The Retained Earnings account had a balance of $335,100 at July 1, 2019. There are 84,450 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) SKYSONG CORPORATION Income Statement $ > > > > > > > $ Prepare a retained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earnings first.) SKYSONG CORPORATION Retained Earnings Statement $ $ Using the single-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, eg. 1.48.) SKYSONG CORPORATION Income Statement : $ The following account balances were included in the trial balance of Skysong Corporation at June 30, 2020. $1,591,380 31,400 897,600 Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) 56,910 Depreciation expense (office furniture and equipment) Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received Interest expense 99,340 31,300 Delivery expense 22,560 Entertainment expense 14,840 9,120 Income tax expense 5,097 Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used 5,655 Depreciation understatement due to error-2017 (net of tax) Dividends declared on preferred stock Dividends declared on common stock 4,254 3,722 Telephone and Internet expense (administration) 2,677 The Retained Earnings account had a balance of $335,100 at July 1, 2019. There are 84,450 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) SKYSONG CORPORATION Income Statement $ > > > > > > > $ Prepare a retained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earnings first.) SKYSONG CORPORATION Retained Earnings Statement $ $ Using the single-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, eg. 1.48.) SKYSONG CORPORATION Income Statement : $
