This exercise should be used with Exercise 1-21A. Refer to the data of Ellen Samuel Banking Company

Question:

This exercise should be used with Exercise 1-21A. Refer to the data of Ellen Samuel Banking Company in Exercise 1-21A.

Requirements
1. Prepare the income statement of Ellen Samuel Banking Company, for the year ended January 31, 2010.
2. What amount of dividends did Ellen Samuel declare during the year ended January 31, 2010?