Question: Multi-Step Income Statement Problem Shown below is revenue, expense, gain, and loss information for ABC Corporation for 2020, Loss from write down of inventory 70,000

 Multi-Step Income Statement Problem Shown below is revenue, expense, gain, and

Multi-Step Income Statement Problem Shown below is revenue, expense, gain, and loss information for ABC Corporation for 2020, Loss from write down of inventory 70,000 Cost of goods sold 386.100 1 Interest expense 13,000 Administrative expense 274,000 Rental revenue 91,500 Pre-tax loss on disposal of a component of the business 17.000 Sales revenue 715.000 Selling expenses 197,000 Instructions Prepare a multiple-step income statement, in proper form for 2021 for ABC Corporation that is presented in accordance with generally accepted accounting principles (including format and terminology). ABC Corporation has 80,000 shares of common sto outstanding and has a 25% federal income tax rate on all tax related items, Round all earnings per share figures to the nearest Cent, NOTE: This is a manual problem. Please complete your work in Excel, Word, or on paper and take a picture. Please e-mail your work

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