Question: create a multiple step income statement, please list all of them and show work also the Eps, earning per share. 2 During 2020: Sales revenue
2 During 2020: Sales revenue $880,000, interest revenue $30,000; rent revenue $160.000: Dividend Revenue $80,000; sales Returns & Allowances $25,000; 5 Sales discounts $70,000; COGS $350,000; Selling exp $100,000; 6 General Administrative expenses $80,000; Interest expense $70,000; 7 Loss on sale of Investments $60,000; Restructuring Costs $75,000; 8 Gain on sale of compenant that qualifies as a discontinued ops $150,000; 9 Write down of inventory $50,000; foreign currency translation gain $20,000; 10 unrealized gain in value of land $50,000; 11 Unrealized gain in the value of patents $50,000; 12 unrealized loss in value of available for sale securities $60,000; 14 Additional information: 15 Tax rate is 20% 16 The company issues 50,000 shares on 10/1/20 for $250,000. 17 The company issues 20,000 shares on 7/1/20 for equipment that has a fair value of $100,000 18 The company declared dividends of $100,000 of which $25,000 will be paid on 1/31/21. 19 20 Prepare a statement of comprehensive income utilizing 21 the multiple step income statement approach. 22 Prepare a statement of shareholders' equity. 25 Multiple Step Income Statement
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