Question: Please help ASAP!!!! Using the information below for ABC Company, prepare an income statement in good form for the year ended December 31 Weighted average

 Please help ASAP!!!! Using the information below for ABC Company, prepare

Please help ASAP!!!! Using the information below for ABC Company, prepare an income statement in good form for the year ended December 31 Weighted average common shares outstanding 2,000,000 Dividends declared on common stock $750,000 Cost of goods sold 4,000,000 Gain on sale of treasury stock 56,000 Loss on disposal of discontinued operations (net of income tax) 300,000 Prior period adjustment (net of income tax) 190,000 Selling expenses 1,050,000 Net sales 10,200,000 Income tax on continuing operations 612,000 Excess of issuance price over par value of common stock 710,000 General and administrative expenses 840,000 Loss from settlement of litigation 10,000 Operating loss on discontinued operations (net of income tax) 180,000

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