Tamarisk Corporation had income from operations of $6,543,000. In addition, it suffered an unusual and...
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Tamarisk Corporation had income from operations of $6,543,000. In addition, it suffered an unusual and infrequent pretax loss of $784,200 from a volcano eruption, interest revenue of $16,750, and a write-down on buildings of $51,880. The corporations tax rate is 30%. Prepare a partial income statement for Tamarisk beginning with Income from operations. The corporation had 4,915,000 shares of common stock outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.)
TAMARISK CORPORATION Income Statement (Partial)
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