Question Help E1-37B (similar to) Amounts of he assets and lablities of Doma o D

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Question Help E1-37B (similar to) Amounts of he assets and lablities of Doma o Dei Realty Company, as of May 31 1, 2016, are given as follows. Also included are revenue expense, and selected stockholders' equity figures for the ended on that date (all amounts in milions) EB(Click the loon to view the acoount balances.)(Cick the loon to view the Requirements 1. Prepare the income statement of Donna O'Dell Realty Company for the year ended May 31, 2016 What amount of dividends did Dorna 'Dell declare during the year ended May 31,20167 (Hint Prepare a statement of retained eamings.) Requirement 1. Prepare the income satement of Donna O'Dell Realty Compa the box empty, do not select a labei or enter a zero.) ny for the year ended May 31, 2016. (Enter all amounts in millions. If a box is not used in the income statement leave Donna O'Dell Realty Company Income Statement Year Ended May 31, 2016 Data Table milions) 135.6 1.8 5.7 16.1 17.3 1.8 9.1 37.1 Investment assets (long-term) Total revenue Recelvables Current liabilities Common stock Interest expense Salary and other employee expenses Long-term liabilities Revenue 0.1 Property and equipment, net. 2.7 Other expenses 37.1 Total revenue Expenses 137 0.2 5 7 25.6 Retained eamings, beginning 0 2 Retained earnings, ending 13.7 Cash Salary and other employoe epernsos Salary and other empioyoe xpersos Interest expense 19.6 Total expenses Net income (loss) Print Done Choose from any list or enter any number in the input fields and then click Check Answer

Explanation / Answer

**I believe you got stucked at the 4 row of income statement, please note that you have to leave it blank as stated in green fonts in the question to leave the coloumn blank if there is nothing to be filled.

Income Statement Total Revenue $    37.10 Expenses Interest Expenses $    13.70 Salary Expenses $       0.20 Other Expenses $       5.70 Total Expenses $    19.60 Net Profit $    17.50 Statement of Retained Earnings Opening Balance $    16.10 Add: Profit during the year $    17.50 Less: Dividend paid during the year $    16.30 Closing Balance $    17.30

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