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Current Attempt in Progress Ivanhoe Ltd. is a private corporation reporting under ASPE. It has recorded all necessary adjusting entries at its fiscal year end, October 31, 2021. The following information has been taken from the adjusted trial balance: Accounts payable $16,600 Interest expense $4,600 Cash dividends-common 83,000 Notes payable 75,000 Common shares 100,000 Rent expense 31,000 Depreciation expense 35,500 437,600 Retained earnings (Nov 1, 2020) Salaries expense Dividends payable 21,000 197.000 Income tax expense 33,160 Service revenue 441.000 Income tax payable 2,800 Unearned revenue 22,000 Insurance expense 7.100 All accounts have normal balances and total assets equal $733,000. Ivanhoe has a 20% income tax rate Prepare a multiple-step income statement for the year. IVANHOE LTD. Income Statement $ Prepare a multiple-step income statement for the year. IVANHOE LTD. Income Statement e Textbook and Media List of Accounts Prepare a statement of retained earnings for the year. (List items that increase retained earnings first.) IVANHOE LTD. Statement of Retained Earnings