Prepare a corporate income statement for the year ended

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Reference no: EM132608746

The following information is available from the accounting records of DeWitt Engineering Ltd. for the year ended June 30, 2021:

Fee discounts and allowances $ 26,000

Fee revenue 1,560,000

Interest revenue 6,000

Other operating expenses 590,000

Salaries expense 750,000

Instructions

Question 1: Prepare a corporate income statement for the year ended June 30, 2021. The company has a 30% income tax rate.

Reference no: EM132608746

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