Question

Amounts of the assets and liabilities of Donna O'Dell Realty Company, as of August 31, 2018, are given as follows. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (all amounts in millions): (Click the icon to view the account balances.) (Click the icon to view the balance sheet.) Read the requirements. Requirement 1. Prepare the income statement of Donna O'Dell Realty Company for the year ended August 31, 2018. (Enter all amounts in millions. If a box is not used in the income statement leave the box empty, do not select a label or enter a zero.) Data Table (millions) Total revenue. .........$ 29.2 Investment assets (long-term). $ 77.8 Revenue: Receivables. 1.5 کي Expenses: 0.2 Property and equipment, net ... 1.6 Other expenses ................. 38.1 Retained earnings, beginning .. 1.3 Retained earnings, ending..... 13.1 Cash... Current liabilities .......... Common stock Interest expense....... Salary and other employee expenses .. Long-term liabilities 7.3 1.7 مه ی 102.4 Other assets (long-term) ...... 10.2 Print Done Net income (loss)

Answer 1

Donna O Dell Realty Company Income Statement For The Year Ended August 31, 2018 (Millions)
Revenue
Total revenue		$29.2
Expenses
Salary and other employee expenses	$13.1
Interest expense	1.3
Other expenses	7.3
Total expenses		21.7
Net income (loss)		$7.5