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The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue \$119,800;
Salaries Expense \$73,900; Repairs and Maintenance Expense \$15,200; Supplies Expense \$6,400; Utilities Expense \$2,200;
Income Tax Expense \$5,700. The statement of changes in equity shows an opening balance for Retained Earnings of \$51,000 and
Dividends Declared \$11,600.