Hi i can get help if im right please dont use non operating income on...
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Hi i can get help if im right please dont use non operating income on this?
B Corporation had the following account balances. 1) Please make an income statement using the multi- step approach with the information below. 2) Please calculate earnings per share as well Cost of Goods Sold Selling Expense Interest Revenue $2,800,000 $385,000 $50,000 $325,000 15% Administrative Expenses Income Tax Rate Common Stock Outstanding Interest Expense Unrealized Gain on value of Patent Sales 100,000 $20,000 $150,000 4,500,000 Revenue $ 4, 5oo, ooo COGS $ 2,800,000 Gross profit 3700000 - Selling t Admin Exp 710,000 Operating Income 990,000 other Expense 20,000 It other Revenue 50,000 Income befret-x 1o aopoo tax 20 153000 Net income o 867 000 867,000-o S. 67 100, coo
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