Question: This exercise should be used with Exercise 1-33B. Requirements 1. Prepare the income statement of Jill Carlson Banking Company for the year ended May 31,

This exercise should be used with Exercise 1-33B.

Requirements
1. Prepare the income statement of Jill Carlson Banking Company for the year ended May 31, 2012.
2. What amount of dividends did Jill Carlson declare during the year ended May 31,2012?

34.7 Investment assets Total revenue Receivables Current liabilities Common stock Interest expense Salary and other employee expenses.... Long-term liabilities... S169.5 1.2 6.6 14.8 Retained earnings, beginning8.7 0.8 Property and equipment, ne. 152.6 Other expenses 0.7 Retained earnings, ending 17.3 Cash 2.3 14.6 2.7 Other assets..

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