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Presented below is information related to Nash Corp. for the year 2020. Net sales $1,066,000...

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Accounting

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Presented below is information related to Nash Corp. for the year 2020. Net sales $1,066,000 Write-off of inventory due to obsolescence $65,600 639,600 Cost of goods sold 45,100 Depreciation expense omitted by accident in 2019 41,000 Selling expenses 53,300 Casualty loss 36,900 39,360 Cash dividends declared Administrative expenses 803,600 Dividend revenue 16,400 Retained earnings at December 31, 2019 5,740 Effective tax rate of 20% on all items Interest revenue (a) Prepare a multiple-step income statement for 2020. Assume that 62.320 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, e.g. 1.49.) NASH CORP Income Statement 5/31 re e NE E

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