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The Abrahms Book Company's accounting records include the following for 2018 (in thousands): (Click the...

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Accounting

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The Abrahms Book Company's accounting records include the following for 2018 (in thousands): (Click the icon to view the accounting records.) Read the requirements. Requirement 1. Prepare Abrahms Book Company's single-step income statement for the year ended December 31, 2018, including earnings per share (EPS). Abrahms had 1,000,000 shares of common stock and no preferred stock outstanding during the year. (Round earnings per share amounts to the nearest cent.) Abrahms Book Company Income Statement Year Ended December 31, 2018 (In thousands except per share amounts) Earnings per share (EPS) i Data Table Other revenues.. $ 2,000 Income tax expense 6,720 Sales revenue.. 126,000 Total operating expenses 105,600 i Reqquirements - x 1. Prepare Abrahms Book Company's single-step income statement for the year ended December 31, 2018, including earnings per share (EPS). Abrahms had 1,000,000 shares of common stock and no preferred stock outstanding during the year. 2. Assume Abrahms Book Company's income from operations indicates that its core business has steadily increasing by about 10% per year over the past three years and that none of its operations have been discontinued. What does this say about the quality of the company's earnings

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