Debits Plano Co. 12/31/2021 Partial Trial Balance Data Sales revenue Interest revenue Gain on sale...
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Debits Plano Co. 12/31/2021 Partial Trial Balance Data Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expense Interest expense General and administrative expenses Credits 845,000 70,000 120,000 605,000 140,000 40,000 120,000 Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a single-step income statement with earnings per share disclosure. (Round Earnings per share answer to 2 decimal places.) PLANO CO. Income Statement For the Year Ended December 31, 2021 Revenues and gains: 0 Total revenues and gains Expenses: 0 Total expenses Income before income taxes 0 Net income (loss) Earnings per share
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