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1.9974 Current Attempt in Progress The following account balances were included in the trial balance of Oriole Corporation at June 30, 2020. Sales revenue 1,579,860 Depreciation expense office furniture and equipment) 31.690 Property tax expense Bad debt expense (selling) 897.100 56,690 Maintenance and repairs expense (administration Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense 98.950 Office expense 31.900 Sales returns and allowances 23,150 Dividends received Entertainment expense 15.110 Interest expense 9,080 Income tax expense 5.069 Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used 6,440 Depreciation understatement due to error-2017 (net of tax) Dividends declared on preferred stock Dividends declared on common stock 5,045 3,368 3.097 Telephone and Internet expense (administration) 90'F AQI 51 E nt balances were included in the trial balance of Oriole Corporation at June 30, 2020, $ 1,579,860 Depreciation expense (office furniture and equipment) 6,762 31,690 6,843 897.100 4,503 (sales) 56,690 8,281 Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received 98.950 5,980 2) 31,900 63,694 23,150 39,910 15.110 Interest expense 16,440 Sense (sales) 9.080 98,290 Income tax expense 5,069 es equipment) 17.004 9.210 expense (sales) Depreciation understatement due to error-2017 (net of tax) Dividends declared on preferred stock Dividends declared on common stock 6,440 38,360 enses 5,045 3,368 3,097 pense (administration) 6:04 Question 3 of 7 1.99/4 6,440 Dividends declared on preferred stock 9.210 5,045 Dividends declared on common stock 38.360 ance and repairs expense (sales) neous selling expenses upplies used ve and Internet expense (administration) 3.368 3,097 The Retained Earnings account had a balance of $ 364510 at July 1, 2019. There are 83,970 shares of common stock outstanding la1) Using the single-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decima places, eg. 1.48.) ORIOLE CORPORATION Income Statement 004 AL 51 $ $ e Textbook and Media List of Accounts Sut Attempts: 0 of 5 used Save for Later (62)

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