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The following account balances were included in the trial balance of Bonita Corporation at June 30, 2020. Sales revenue $1,591.810 Depreciation expense (office furniture and equipment) Sales discounts 32,450 Property tax expense Cost of goods sold 905,200 Bad debt expense (selling) Salaries and wages expense (sales) 56,300 Maintenance and repairs expense (administration) Sales commissions 98,910 Office expense Travel expense (salespersons) 31.100 Sales returns and allowances Delivery expense 22,450 Dividends received Entertainment expense 15,030 Interest expense Telephone and Internet expense (sales) 9,050 Income tax expense Depreciation expense (sales equipment) 4,913 Depreciation understatement due to error-2020 (net of tax) Maintenance and repairs expense (sales) 5,651 Dividends declared on preferred stock Miscellaneous selling expenses 5.050 Dividends declared on common stock Office supplies used Telephone and Internet expense (administration) 3425 2,898 pense (admini The Retained Earnings account had a balance of $352,030 at July 1, 2019. There are 75,250 shares of common stock outstanding 32/assignments/3051986 he Retained Earnings account had a balance of $352,030 at July 1, 2019. There are 75,250 shares of common stock utstanding Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share decimal places, eg. 1.48.) BONITA CORPORATION Income Statement 9/21 ses/29652/assignments/3051986 Prepare a retained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earn first.) BONITA CORPORATION Retained Earnings Statement Using the single-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per shara decimal places, eg. 1.48.) BONITA CORPORATION Income Statement Prepare a retained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earnings first.) BONITA CORPORATION Retained Earnings Statement 6211 9 /23/2 included in the trial balance of Bonita Corporation at June 30, 2020, $1,591,810 Depreciation expense (office furniture and equipment) 32,450 Property tax expense 905.200 Bad debt expense (selling) 56,300 Maintenance and repairs expense (administration) 98,910 Office expense 31,100 Sales returns and allowances 22,450 Dividends received 15,030 Interest expense 9,050 Income tax expense 4,913 Depreciation understatement due to error-2020 (net of tax) 5,651 Dividends declared on preferred stock 5,050 Dividends declared on common stock 3,425 2,898 $7,465 7,009 4,737 8,391 6,560 57,312 39,390 18,600 105,110 19,337 8,150 39,840 cion) balance of $352,030 at July 1, 2019. There are 75,250 shares of common stock

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