Question: help finishing this et Homework Help With Cheg + X rses/29824/assignments/2930498?module_item_id=9827940 The following information is related to Wildhorse Company for 2020 Retained earnings balance, January



et Homework Help With Cheg + X rses/29824/assignments/2930498?module_item_id=9827940 The following information is related to Wildhorse Company for 2020 Retained earnings balance, January 1, 2020 $1,215,200 Sales Revenue 31,000,000 Cost of goods sold 19,840,000 Interest revenue 86,800 Selling and administrative expenses Write-off of goodwill 5,828,000 1,016,800 Income taxes for 2020 1,542,560 Gain on the sale of investments 136,400 Loss due to flood damage 483,600 Loss on the disposition of the wholesale division (net of tax) 545,600 Loss on operations of the wholesale division (net of tax) 111,600 Dividends declared on common stock 310,000 Dividends declared on preferred stock 99,200 Wildhorse Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and t retain its manufacturing operations. On September 15, Wildhorse sold the wholesale operations to Rogers Company. D 2020, there were 500,000 shares of common stock outstanding all year. WILDHORSE COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue 31,000,000 19.840,000 Cost of Goods Sold Gross Profit /(Loss) 11,160,000 Selling and Administrative Expenses 5,828,000 Income from Operations 5,332.000 Other Revenues and Gains Interest Revenue 86,800 Gain on the Sale of Investments 136,400 223,200 Other Expenses and Losses Other Expenses and Losses Write-off of Goodwill 1,016,800 Loss from Flood Damage 483,600 Income from Continuing Operations Before Income Tax Income Tax Discontinued Operations Loss on Disposal, Net of Applicable Tax 545,600 Loss on Operations, Net of Applicable Tax 111.600 657,200 4,855,8,40 LOssom mpostoAIC OT PPIIcabie Ta Loss on Operations, Net of Applicable Tax 111,600 657,200 4,855,8,40 Earnings Per Share Income from Continuing Operations Discontinued Operations Loss on Disposal, Net of Applicable Tax 545,600 Loss on Operations, Net of Applicable Tax 111.600 657,200 Net Income /(Loss) $ A et Homework Help With Cheg + X rses/29824/assignments/2930498?module_item_id=9827940 The following information is related to Wildhorse Company for 2020 Retained earnings balance, January 1, 2020 $1,215,200 Sales Revenue 31,000,000 Cost of goods sold 19,840,000 Interest revenue 86,800 Selling and administrative expenses Write-off of goodwill 5,828,000 1,016,800 Income taxes for 2020 1,542,560 Gain on the sale of investments 136,400 Loss due to flood damage 483,600 Loss on the disposition of the wholesale division (net of tax) 545,600 Loss on operations of the wholesale division (net of tax) 111,600 Dividends declared on common stock 310,000 Dividends declared on preferred stock 99,200 Wildhorse Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and t retain its manufacturing operations. On September 15, Wildhorse sold the wholesale operations to Rogers Company. D 2020, there were 500,000 shares of common stock outstanding all year. WILDHORSE COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue 31,000,000 19.840,000 Cost of Goods Sold Gross Profit /(Loss) 11,160,000 Selling and Administrative Expenses 5,828,000 Income from Operations 5,332.000 Other Revenues and Gains Interest Revenue 86,800 Gain on the Sale of Investments 136,400 223,200 Other Expenses and Losses Other Expenses and Losses Write-off of Goodwill 1,016,800 Loss from Flood Damage 483,600 Income from Continuing Operations Before Income Tax Income Tax Discontinued Operations Loss on Disposal, Net of Applicable Tax 545,600 Loss on Operations, Net of Applicable Tax 111.600 657,200 4,855,8,40 LOssom mpostoAIC OT PPIIcabie Ta Loss on Operations, Net of Applicable Tax 111,600 657,200 4,855,8,40 Earnings Per Share Income from Continuing Operations Discontinued Operations Loss on Disposal, Net of Applicable Tax 545,600 Loss on Operations, Net of Applicable Tax 111.600 657,200 Net Income /(Loss) $ A
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