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The following account balances were included in the trial balance of Splish Corporation at June 30, 2022.

Sales Revenue		$1,989,600		Depreciation Expense (office furniture and equipment)		$10,400
Sales Discounts		38,720		Property Tax Expense		10,460
Cost of Goods Sold		1,129,120		Bad Debt Expense (selling)		6,180
Salaries and Wages Expense (sales)		70,310		Maintenance and Repairs Expense (administration)		11,900
Sales Commissions		124,080		Office Expenses		7,100
Travel Expense (salespersons)		36,940		Sales Returns and Allowances		79,740
Delivery Expense		26,320		Dividend Revenue		48,800
Entertainment Expense		18,760		Interest Expense		23,600
Telephone and Internet expense (sales)		11,820		Income Tax Expense		127,600
Depreciation Expense (sales equipment)		2,690		Depreciation Understatement due to Error2020 (net of tax)		23,360
Maintenance and Repairs Expense (sales)		7,260		Dividends (declared on preference shares)		11,800
Miscellaneous Selling Expenses		6,070		Dividends (declared on ordinary shares)		45,700
Supplies Expense		5,060
Telephone and Internet Expense (administration)		4,560

The Retained Earnings account had a balance of $423,700 at July 1, 2021. There are 100,800 ordinary shares outstanding.

-Prepare an income statement for the year ended June 30, 2022. (Round earnings per share to 2 decimal places, e.g. 1.48.) -Prepare a statement of retained earnings for the year ended June 30, 2022. (Round earnings per share to 2 decimal places, e.g. 1.48.)

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