Prepare Income Statement (multiple-step) and At the bottom of Income Statement report EPS. ...
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Prepare Income Statement (multiple-step) and At the bottom of Income Statement report EPS.
The balances of accounts for Sunny Merchandising Company for year ended December 31, 2017 in random order are as follows. Company is subject to 30% income tax rate. Retained earnings, December 31, 2016 Depreciation ex Dividends declared and Sales revenues Common Stock (par value $20) Omission of recording credit sales in prior Investment in Marketable Securities (available for sale) Gain on the disposition of the Canada division (pre-tax) Accumulated Depreciation-Equipment Losses due to earthquake (pre-tax and extraordinary item) Loss due to write-down of inventories Loss on the disposition of the Mexico division (p Amortization E>x Accounts Receivable 145,000Interest Expense S35,000 7,000 6,000 250,000 58,000 400,000 250,000 200,000 35000 230,000 30,000 5,500 15,000 165,000 8,500 25,000nterest Revenue aid Rent 780,000 Cost of 300,000 Rent expense sold 32,000 Equi 280,000 Bonds Payable 50,000Invento 32,000 Cash 25,000 Salaries expense 21,000 Patents 60,000 Supplies expe 3,000 | Interest Receivable 50,000 Accounts Payable
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