Office buildings and equipment 4,320,000 Paid-in capital from sale of treasury stock 13,000 Excess of issue...
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Office buildings and equipment 4,320,000 Paid-in capital from sale of treasury stock 13,000 Excess of issue price over par-common stock 886,800 Excess of issue price over par-preferred stock 150,000 Preferred $1 stock, $80 par (30,000 shares authorized; 1,600,000 20,000 shares issued) Premium on bonds payable 19,000 Prepaid expenses 27,400 Retained earnings, January 1, 20Y5 9,319,725 Store buildings and equipment 12,560,000 Treasury stock (5,400 shares of common stock at cost of 178,200 $33 per share) Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments (6,500) (6,500) On your own paper, in the working papers, or using a spreadsheet, prepare the following: a. Prepare a multiple-step income statement for the year ended December 31, 20Y5, concluding with earnings per share. In computing earnings per share, assume that average number of common shares outstanding was 100,000 and preferred dividends were $100,000. (Round earnings per share to the nearest cent.) Save your calculations and enter the requested amounts below. Office buildings and equipment 4,320,000 Paid-in capital from sale of treasury stock 13,000 Excess of issue price over par-common stock 886,800 Excess of issue price over par-preferred stock 150,000 Preferred $1 stock, $80 par (30,000 shares authorized; 1,600,000 20,000 shares issued) Premium on bonds payable 19,000 Prepaid expenses 27,400 Retained earnings, January 1, 20Y5 9,319,725 Store buildings and equipment 12,560,000 Treasury stock (5,400 shares of common stock at cost of 178,200 $33 per share) Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments (6,500) (6,500) On your own paper, in the working papers, or using a spreadsheet, prepare the following: a. Prepare a multiple-step income statement for the year ended December 31, 20Y5, concluding with earnings per share. In computing earnings per share, assume that average number of common shares outstanding was 100,000 and preferred dividends were $100,000. (Round earnings per share to the nearest cent.) Save your calculations and enter the requested amounts below.
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