Question: This exercise should be used with Exercise 1-24A. Refer to the data of Ellen Samuel Realty Company in Exercise 1-24A. Requirements 1. Prepare the income

This exercise should be used with Exercise 1-24A. Refer to the data of Ellen Samuel Realty Company in Exercise 1-24A.
Requirements
1. Prepare the income statement of Ellen Samuel Realty Company for the year ended May 31, 2016.
2. What amount of dividends did Ellen Samuel declare during the year ended May 31, 2016?

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