Question: Presented below is information related to Ivan Calderon Corp. for the year 2014. Instructions (a) Prepare a multiple-step income statement for 2014. Assume that 60,000

Presented below is information related to Ivan Calderon Corp. for the year 2014.

Presented below is information related to Ivan Calderon Corp. for the year

Instructions
(a) Prepare a multiple-step income statement for 2014. Assume that 60,000 shares of common stock are outstanding.
(b) Prepare a separate retained earnings statement for 2014.

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