The trial balance of Plano Company included the following accounts as of December :
Sales revenue
Debits
Credits
Interest revenue
$
Gain on sale of investments
Cost of goods sold
Selling expense
Interest expense
General and administrative expenses
$
Plano had shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is
Required:
Prepare a singlestep income statement with earnings per share disclosure.
Note: Round earnings per share answer to decimal places.
tablePLANO COMPANY,Income Statement,For the Year Ended December Total revenues and gains,,Expenses:Total expenses,,Income before income taxes,,
