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Exercise 4-6 The fellowing balances were taken frem the boaks of Larkspur...

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Accounting

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Exercise 4-6 The fellowing balances were taken frem the boaks of Larkspur Corp. on December 31, 2017 Interest revenue 87,100 Acmulated 52,100 cmuleted depreciation-buidings $41,100 29,100 156,100 195,100 171,100 101,100 9B,100 33,100 61,100 101,100 Ceshe Sales reverue Aecounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts 3 Notes receivable 51,100 Selling expenses Accounts payable Bonds payable Administrative and genaral expense5 Atcrued liabilities Interest axpense Notes payable Loss from earthquake damage Common stock Ratained carning 8,100 Equipment 201,100 141,10D 622,100 151,10 Cost or goods sold 501,100 22,10 Assume the total efective tax rate on all items is 34%. Prepare a multiple-step incone statement; 100,c00 shares of camman stock were outstanding during the year. (Round carnings per share to 2 decimal places, e.g. 1.48.)

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