(Solution) - Mantego Company listed the following selected pretax items as of -(2025 Original AI-Free Solution)

Paper Details

Mantego Company listed the following selected pretax items as of December 31, 2013:

Additional information:
The preferred shares had been outstanding the entire year; annual dividends were declared and paid in 2013.
During 2013, 2,000 common shares were issued on July 2, and 6,000 common shares were issued on November 3. Common dividends of $12,500 were declared and paid in 2013. The company is subject to a 30% income tax rate.
Required:
Prepare Mantego's 2013 income statement (multiple-step) and the related note.