Question: Not sure if the first three labels are correct. The following information was taken from the records of Shepard Motorsports, Inc. at November 30, 2016:

 Not sure if the first three labels are correct. The following

Not sure if the first three labels are correct.

The following information was taken from the records of Shepard Motorsports, Inc. at November 30, 2016: E (Click the icon to view the data.) Prepare a muli-step income statement for Shepard Molorsports for the fiscal year ended November 30, 2018. Include earnings per share. Complete the income statement in this step, and then identify and enter the applicable EPS amounts in the following step. (Round all earnings per share amounts to the nearest cent, SX.XX.) Shepard Motorsports, Inc. Income Statement Data Table Year Ended November 30, 2016 Net Sales Revenue Cost of Goods Sold Selling Expenses Common Stock, $8 Par Value, 120,000 Gross Profit Administrative Expenses 13,000 shares authorized and issued 130,000 104,000 Preferred Stock, $3 No-Par Value, Income From Discontinued Operations 5,000 Cost of Goods Sold 360,000 410,000 6,000 shares issued Treasury Stock-Common (3,000 shares) Income Tax Expense: Continuing Operations 30,000 50,000 Net Sales Revenue 757,500 Income Tax Ex: Income from Discontinued Operations 2,000 Print Done Net Income Net Incorne Choose from any list or enter any number in the input fields and then continue to the next

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