E1-22a learning objective 5 construct an income statement, Accounting Basics

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E1-22a learning objective 5 construct an income statement

E1-22A (Learning Objective 5: Construct an income statement and a statement of retained earnings) This exercise should be used with Exercise 1-21A. Refer to the data of Mary Burke Banking Company in Exercise 1-21A.

Requirements
1. Prepare the income statement of Mary Burke Banking Company for the year ended August 31, 2012.
2. What amount of dividends did Mary Burke declare during the year ended August 31, 2012? Hint: Prepare a statement of retained earnings.

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Accounting Basics: E1-22a learning objective 5 construct an income statement

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