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  3. 1. kristopher corporation's capital structure cons

1. Kristopher Corporation's capital structure consists of 120,000 shares of common stock. The trial balance...

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1. Kristopher Corporation's capital structure consists of 120,000 shares of common stock. The trial balance for Kristopher Corporation at December 31, 2019 appears below: Debit Credit $48,000 79,000 $13,000 73,000 378,000 458,000 188,000 108,000 Cash Accounts receivable Allowance for doubtful accounts Materials and supplies Land Machinery and equipment Accumulated depreciation Patents Accounts payable Unearned service revenue Accrued interest payable Notes payable (due in 5 years) Common stock Retained earnings, January 1, 2017 Dividends declared Sales Dividend revenue Cost of goods sold Selling expenses General and administrative expenses Loss from discontinued operations (net of taxes) Interest expense Income tax expense 63,000 12,000 9,000 308,000 208,000 278,000 37,000 1,533,000 16,000 955,000 138,000 222,000 38,000 25,000 68,000 $2,627,000 $2.627.000 The income tax expense of $68,000 is all applicable to income from continuing operations. The tax effect of the loss from discontinued operations was $10,000. Required: Prepare a multiple-step income statement, including Earnings per Share

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