The following information was taken from the records of Ayayai Inc. for the year 2020: Gain...

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The following information was taken from the records of Ayayai Inc. for the year 2020: Gain from expropriation $250,000 Cash dividends declared $210.000 Loss from operation of discontinued Rochelle Division 220,000 Retained earnings, January 1.2020 Cost of goods sold 1800,000 Administrative expenses 730,000 2,600,000 Rent revenue 100,000 Selling expenses 900,000 Loss from flood damage 180.000 Sales revenue 5.500,000 The following additional information was also available: income tax applicable to income from continuing operations, $460.000: income tax recovery applicable to loss from operation of discontinued Rochelle Division. $50.000. The company has elected to adopt ASPE. Your answer is partially correct. Prepare a single-step income statement for 2020, showing expenses by function. Avayai Inc. Chapter 4 Assignment Question 4 of 9 /10 E Current Attempt in Progress The shareholders' equity section of Pina Colada Corporation as at December 31. 2020, follows 10N cumulative preferred shares, 100.000 shares authorized, 69,000 shares outstanding $4.400.000 10.000.000 Common shares 10 million shares authorized and issued Contributed surplus 10.900.000 25300.000 Retained earnings 177.000.000 $202.100.000 Net income of $21 million for 2020 reflects a total etfective tax rate of 22%. Included in the net income figure is a lons of $15 million (before tax) relating to the operations of a business segment that is to be discontinued Calculate earnings per share information as it should appear in the financial statements of Pina Colada Corporation for the year ended December 31. 2020. (Round answers to 2 decimal places, es 52.75) Earnings per share Continuing Operations Discontinued Operations Net Income/lLoss) The following information was taken from the records of Ayayai Inc. for the year 2020: Gain from expropriation $250,000 Cash dividends declared $210.000 Loss from operation of discontinued Rochelle Division 220,000 Retained earnings, January 1.2020 Cost of goods sold 1800,000 Administrative expenses 730,000 2,600,000 Rent revenue 100,000 Selling expenses 900,000 Loss from flood damage 180.000 Sales revenue 5.500,000 The following additional information was also available: income tax applicable to income from continuing operations, $460.000: income tax recovery applicable to loss from operation of discontinued Rochelle Division. $50.000. The company has elected to adopt ASPE. Your answer is partially correct. Prepare a single-step income statement for 2020, showing expenses by function. Avayai Inc. Chapter 4 Assignment Question 4 of 9 /10 E Current Attempt in Progress The shareholders' equity section of Pina Colada Corporation as at December 31. 2020, follows 10N cumulative preferred shares, 100.000 shares authorized, 69,000 shares outstanding $4.400.000 10.000.000 Common shares 10 million shares authorized and issued Contributed surplus 10.900.000 25300.000 Retained earnings 177.000.000 $202.100.000 Net income of $21 million for 2020 reflects a total etfective tax rate of 22%. Included in the net income figure is a lons of $15 million (before tax) relating to the operations of a business segment that is to be discontinued Calculate earnings per share information as it should appear in the financial statements of Pina Colada Corporation for the year ended December 31. 2020. (Round answers to 2 decimal places, es 52.75) Earnings per share Continuing Operations Discontinued Operations Net Income/lLoss)

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