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Please create a spreadsheet for the following question. You will need to save the spreadsheet...

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Accounting

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Please create a spreadsheet for the following question. You will need to save the spreadsheet on your computer and then upload/attach the file to this question, Instructions Prepare in good form a multiple-step income statement for the year 2015. Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year Presented below is information related to Farr Company. Retained earnings, December 31, 2014 $ 650,000 Sales revenue 1,500,000 Selling and administrative expenses 240,000 Hurricane loss (pre-tax) on plant (extraordinary item) 290,000 Cash dividends declared on common stock 33,600 Cost of goods sold 880,000 Other revenue 120,000 Other expenses 100,000

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