Question: The following information was taken from the 2015 financial records

The following information was taken from the 2015 financial records of Rothrock Consolidated. All items are pretax.


The company’s income tax rate is 35 percent, and the items above are treated identically for financial reporting and tax purposes.
Prepare the following:
a. An income statement.
b. A reconciliation of retainedearnings.
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  • CreatedAugust 19, 2014
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