Question: Current Attempt in Progress Presented below is information for Donaldson Corp.. for the year 2025' Net sales $1,950,000 Cost of goods sold 1.200.000 Selling expenses

 Current Attempt in Progress Presented below is information for Donaldson Corp..

Current Attempt in Progress Presented below is information for Donaldson Corp.. for the year 2025' Net sales $1,950,000 Cost of goods sold 1.200.000 Selling expenses 95,000 Administrative expenses 70,000 Dividend revenue 30,000 Interest revenue 20,000 Interest expense 45,000 Writeoff of goodwill due to impairment ?5,000 Depreciation expense omitted in 2023 105,000 Dividends declared 120,000 Effect on prior years of change in accounting principle {credit} 220,000 Loss from operations of discontinued component of business 240,000 Gain from disposal of component of business 300,000 Federal tax rate of 20% on all items Prepare a multiplestep income statement for 2025. Assume the 200,000 shares of common stockwere outstanding during 2025. {List Other revenues before Other apenses. Round earnings per share to 2 decimal places, 33. 5.25.) DONALDSON CORP. INCOME STATEMENT Fnr H15 Var-tr Fnrlcrl msrsmhar R'l 309': p

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