Question: Presented below is information related to Tao Ltd. for the year 2019 (amounts in thousands). Instructions a. Prepare an income statement for 2019. Assume that

Presented below is information related to Tao Ltd. for the year 2019 (amounts in thousands).

Instructions
a. Prepare an income statement for 2019. Assume that 60,000 ordinary shares are outstanding.
b. Prepare a retained earnings statement for 2019.

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