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Presented below is information related to XYZ Corporation at 12/21/2018: Sales Revenue 980,000 Gain on...

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Accounting

Presented below is information related to XYZ Corporation at 12/21/2018:

Sales Revenue 980,000

Gain on Sale of plant Assets

Unrealized gain on avaliable for sale securities

Unrealized gain in value of the corporations office building 25,000

Interest Expense 12,000

Rent Revenue 18,000

Selling Expenses 75,000

Loss of discontinued operations 50,000

Write-off of goodwill 2,000

Administrative Expenses 65,000

Cost of Goods Sold 500,000

Depreciation Expese overstated by accident in 2017 10,000

Preferred Dividends declared (of which $5,000 will be paid in 01/2019 20,000

Common dividends declared (of which $12,500 will be paid in 01/2019 50,000

Retained Earnings as reported 1/1/18

Weighted Average Prefferred shares outstanding 50,000

Weighted Average common stock shares outstanding 100,000

Tax Rate 20%

Instructions: Prepare the following financial statement for the period ending 12/31/2018:

1.) Multi step income statement

2.) Comprehensive income statement

3.) Statement of Retained Earnings

Please calculate EPS for IFCO, DOPS , NI and CI

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