Paste" Copy Format B T U 9.9.A.. Merge and Wrap - % e Conditional Painter Formatting 117 @ fx CATEGORIES 1 E4.8B Presented below selected ledger accounts of $ CATEGORY (Select from lis) Tran Corporation as of Dec 21, 2020 3 Cash 125,000 4 Administrative expenses 250,000 5 Selling expenses 200,000 6 Net sales 1,350,000 7 Cost of goods sold 525,000 8 Cash dividends declared (2020) 50,000 9 Cash dividends paid (2020) 37,500 10 Discontinued operations (loss before income taxes) 100,000 11 Depreciation expense, not recorded in 2019 75,000 12 Retained earnings, December 31, 2019 225,000 13 Tax Benefit on Discontinued Operations (20% tax rate) 20,000 14 Effective tax rate = 20% 15 16 Instructions (read column usage below) 17 Prepare Multistep income statement including appropriate earnings per share Revenues Selling Expense General & Administrative Expense Other Revenues Other Expenses Discontinued operations Retained Earning Statement Balance Sheet 19 Prepare a multiple-step income statement.