the following are the assets and liabilities of Realty Company, as of 31, . Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (amounts in millions):

Requirements 1. Prepare the income statement of Drew Peters Realty Company for the year ended July 31, 2021. 2. What amount of dividends did Drew Peters declare during the year ended July 31,2021 ? (Hint: Prepare a statement of retained earnings.)