Presented below is information related to 2020 for Oriole Company. Retained earnings, December 31, 2019...
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Presented below is information related to 2020 for Oriole Company. Retained earnings, December 31, 2019 Sales revenue Selling and administrative expenses Discontinued operations loss (pre-tax) Cash dividends declared on common stock Cost of goods sold Gain discovered in 2020, from error on depreciation charge in 2018 (pre-tax) Other revenue Other expenses $658,000 1,487,000 244,000 295,000 33,600 891,000 524,000 116,000 102,500 Prepare in good form a multiple-step income statement for the year 2020. Assume a 30% tax ra | Income from Operations 352000 Sales Revenue 524000 Other Revenue 116000 Other Expenses 102500 Income Before Income Taxes 889500 Income Before Income Taxes 266850 Income from Operations 622650 Discontinued Operations Loss, Net of Tax 206500 Encontro con 7.78 Bin MM 2.58 len 5.20 Click if in
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