The Wildhorse'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 $$99,800$

Common shares

$37,100$

Advertising expense $7,500$

Equipment $14,500$

Depreciation expense $1,450$

Dividends declared $3,710$

Accounts payable $14,500$

Inventory $26,500$

Wages expense $32,900$

Sales revenue

$194,000$

Accounts receivable $15,300$

Rent expense $11,800$

Cash $48,680$

Prepaid rent $5,800$

Wages payable $2,100$

Retained earnings $($as at July $1,2023)20,240$

$($a$)$

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 Wildhorse$$s Corner

Statement of Income

choose the accounting period

enter an income statement item

$enter a dollar amount

select between addition and deduction

: select an opening section name

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing section name

enter a total amount for this section

select a closing name for this statement

$enter a total net income or loss amount

eTextbook and Media

List of Accounts

Attempts: $0$ of $4$ used

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.