Question: 9 Flags Mini Theme Parks, Inc. provided you with the following data for their operating year ended December 31, 2020: Net sales. $12,762,850 Discontinued operations
9 Flags Mini Theme Parks, Inc. provided you with the following data for their operating year ended December 31, 2020: Net sales. $12,762,850 Discontinued operations loss (before taxes) 4,310,000 Cost of goods sold. 3,280,000 Interest expense. 627,830 Selling expenses.... Administrative expenses. Shares of capital stock outstanding, 150,000 Tax rate of 40% on all items 1,045,800 2,635,090 Shares of capital stock outstanding, 150,000 Tax rate of 40% on all items Required: Using a multiple-step format, prepare an income statement rounded to the nearest dollar for 9 Flags Mini Theme Parks, Inc. for the year ended December 31, 2020. Note: when rounding to the nearest dollar, round up when .50 or above, therefore round down to the nearest dollar when .49 or below. Prepare your solution in Word or Excel, and submit in Canvas using the Chapter 4 10-Point Quiz Submission Module
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