Prepare an income statement and a statement of retained earnings for Big Sky Corporation for the year

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Prepare an income statement and a statement of retained earnings for Big Sky Corporation for the year ended June 30, 2000, based on the following information: Capital stock (1,500 shares @ $100) Retained earnings, July 1, 1999 Dividends... Ski rental revenue. Expenses: Rent expense.. Salaries expense Utilities expense Advertising expense Miscellaneous expense Income taxes.. $150,000 76,800 6,500 77,900 $ 6,000 38,600 2,400 7,500 7,700 2,100 64,300

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