Question: help with missing area and correct if anything is incorrect The following information is available for Kingbird Inc. for the year ended December 31, 2017:

help with missing area and correct if anything is incorrect

help with missing area and correct if anything is incorrect The followinginformation is available for Kingbird Inc. for the year ended December 31,2017: Loss on discontinued operations $81,000 Rent revenue 91,000 Income tax applicable

The following information is available for Kingbird Inc. for the year ended December 31, 2017: Loss on discontinued operations $81,000 Rent revenue 91,000 Income tax applicable to continuing operations 307,000 Administrative expenses 504,000 Loss on write-down of inventory 35,000 Gain on sale of equipment 30,000 Unrealized gain on available-for-sale securities 28,000 200,000 shares were outstanding during all of 2017. Retained earnings January 1, 2017 $1,300,000 Selling expenses 862,000 Income tax applicable to loss on discontinued operations 27,000 Cost of goods sold 1,662,000 Sales revenue 3,745,000 Cash dividends declared 225,000 Interest expense 55,000 Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.45.) Kingbird Inc. come Statement For the Year Ended December 31, 2017 V Sales Revenue $1 3720000 Cost of Goods Sold 1648000 Gross Profit 2072000 Operating Expenses Selling Expenses V 872000 Administrative Expenses V 519000 1391000) Income from Operations 681000 Other Revenues and Gains v Gain on the Sale of Equipment V 40000 Rent Revenue v 86000 126000 Other Expenses and Losses v Interest Expense V 57000 Inventory Loss 43000 100000 Income from Continuing Operations Before Income Tax V 707000 Income Tax v 302000 Income from Operations 405000 Discontinued Operations V Loss on Discontinued Operations 49000 Net Income / (Loss) 356000 Per share of common stock:Prepare a comprehensive income statement for 2017. KINGBIRD INC. Comprehensive Income Statement For the Year Ended December 31, 2017 V Net Income f (Loss) V $ 356000 Other Comprehensive Income V Unrealized Holdin- Gain, Net of TaxV 2500 Comprehensive Income $ 331000 SHOW LIST OF ACCOUNTS Prepare a retained earnings statement for 2017. (List items that increase retained earnings first.) KINGBIRD INC. Retained Earnings Statement For the Year Ended December 31, 2017 V Retained Earnings, January 1 V 35 1480000 Add V : Net Income f (Loss) V 381000 1861000 Less V : Dividends Declared V 228000 Retained Earnings, December 31 V :5 1533000

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