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RP 4-6 At the end of 2012, vandals destroyed your financial records. Fortunately, the con-...

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Accounting

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RP 4-6 At the end of 2012, vandals destroyed your financial records. Fortunately, the con- troller had kept certain statistical data related to the income statement, as follows: a. Cost of goods sold was $2 million. b. Administrative expenses were 20% of the cost of sales but only 10% of sales. c. Selling expenses were 150% of administrative expenses. d. Bonds payable were $1 million, with an average interest rate of 11%. e. The tax rate was 48%. f. 50,000 shares of common stock were outstanding for the entire year. Required From the information given, reconstruct a multiple-step income statement for the year. Include earnings per share

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