Current Attempt in Progress The following information is available for Oriole Corporation for the year ended December 31, 2022: sales revenue $750,000, other revenues and gains $88,000, operating expenses $116,000, cost of goods sold $464,000, other expenses and losses $32,500, and preferred stock dividends $43,125. The company's tax rate was 20%, and it had 45,000 common shares outstanding during the entire year. (a) Prepare a corporate income statement. (List other revenues before other expenses.) ORIOLE CORPORATION Income Statement eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Current Attempt in Progress Your answer is incorrect. On January 1, Sunland Corporation had 95,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $7 per share. During the year, the following occurred. Apr. 1 Issued 26,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 2,500 additional shares of common stock for $20 per share. 15 Declared a cash dividend on outstanding shares of $2.10 per share to stockholders of record on December 31. (a) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Apr. 1 Cash Dividends Dividends Payable June 15 Dividends Payable Cash July 10 Retained Earnings Dec. 1 Dividends Payable Retained Earnings Dec. 15 Dividends Payable eTextbook and Media eTextbook Video List of Accounts Debit 121000 121000 259,350 259,350 Credit 121000 121000 259,350 259,350 Assistance Used