The financial records of Bonita Inc. were destroyed by fire at the end of 2025....
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The financial records of Bonita Inc. were destroyed by fire at the end of Fortunately the controller had kept certain statistical data related to the income statement as presented below. The beginning merchandise inventory was $ and decreased during the current year. Sales discounts amount to $ shares of common stock were outstanding for the entire year. Interest expense was $ The income tax rate is Cost of goods sold amounts to $ Administrative expenses are of cost of goods sold but only of gross sales. Fourfifths of the operating expenses relate to sales activities. Operating expenses consist of selling and administrative expenses. From the foregoing information, prepare an income statement for the year in singlestep form. Round earnings per share to decimal places, eg BONITA INC. Income Statement $ $ 
The financial records of Bonita Inc. were destroyed by fire at the end of Fortunately the controller had kept certain statistical
data related to the income statement as presented below.
The beginning merchandise inventory was $ and decreased during the current year.
Sales discounts amount to $
shares of common stock were outstanding for the entire year.
Interest expense was $
The income tax rate is
Cost of goods sold amounts to $
Administrative expenses are of cost of goods sold but only of gross sales.
Fourfifths of the operating expenses relate to sales activities. Operating expenses consist of selling and administrative
expenses.
From the foregoing information, prepare an income statement for the year in singlestep form. Round earnings per share to
decimal places, eg
BONITA INC.
Income Statement
$
$
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