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  3. the income stotement for weotherford international

The income stotement for Weotherford international inc's year ended December 31,2023 , was prepared by...

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The income stotement for Weotherford international inc's year ended December 31,2023 , was prepared by an inexperienced bookkeeper. As the new accountant, your immediate pricrity is to correct the statemert. All amounts included in the stotement are. before tax (assume a rate of 358 ). The company had 114,000 common shares issued ond outstanding throughout the year, as well as 22,800 thares of $120 cumulative preferred shares issued and outstanding Retained earnings at December 31,2022 , were $335,800 Required: Prepure a corrected income stotement, mclucing eocnings per share information. (Negative answers should be indicated by a ininus sign in the other revenues and expenses section and the discontinued operations section. Round the "Earnings per Share" answers to 2 decimal places.) Required: Prepare a corrected income statement, including earnings per share information. (Negative answers should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section. Round the "Earnings per Share" answers to 2 decimal places.)

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