4 Not complete Morked out of 22.00 Pflegation Preparing a Multiple-Step Income Statement and a...
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4 Not complete Morked out of 22.00 Pflegation Preparing a Multiple-Step Income Statement and a Retained Earnings Statement The following pretax amounts are taken from the accounts of Inc. at December 31, 2020, its annual year-end (5 thousands. Assume an average 25% tax rate on all items. 5612,000 Cost of goods sold 305.000 Selling and administrative expenses 162.000 Gain on sale of land held for speculation 544000 Prior period adjustment correction of error from 2012. pret debit 28.800 800 Cash dividends declared and paid 9.000 Retained earnings. December 31, 2010 185.400 Common stock outstanding 25.000 shares Required a. Prepare a multiple step income statement, including intraperiod income tax allocation and EPS disclosure . Do not use negative signs with any of your answers Round the per share amount to two decimal places je For the Year Ended December 31, 2000 Cost of goods sold Gross proft . 0 0 0 0 . 0 Ornando o . 5 0 Next
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