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13+1 mark for EPS and 1 Wang Corporation's capital structure consists of 45,000 ordinary preferred...

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Accounting

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13+1 mark for EPS and 1 Wang Corporation's capital structure consists of 45,000 ordinary preferred dividend totaling 5,400 $. At Decembe and discussions with company officials reveal consists of 45,000 ordinary shares outstanding and totaling 5,400 $. At December 31, 2019 an analysis of the accounts with company officials revealed the following information: Sales Sales discount Loss on discontinued operations (net of tax) Selling expenses Cash Accounts receivable Share capital Accumulated depreciation Dividend revenue Unearned service revenue Accrued interest payable Land Patents Retained earnings, January 1, 2019 Interest expense General and administrative expenses Dividends declared Cost of goods sold Allowance for doubtful accounts Notes payable (maturity 7/1/22) Machinery and equipment Materials and supplies Accounts payable Income tax expenses $ 1,100,000 50,000 28,000 128,000 60,000 90,000 200,000 180,000 8,000 4,400 1,000 370,000 100,000 290,000 17,000 150,000 29,000 651,000 5,000 200,000 450,000 40,000 60,000 33,600 Instructions: 1- Prepare a multiple step income statement for Wang Corporation at December 2019. 2- Compute earnings per share (EPS) and interpret the result

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