PLEASE HELP WITH SECTION B $!!$

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple$-$step Your answer is correct.

Prepare an income statement for the year $2025$ using the multiple$-$step form. Common shares outstanding for $2025$

total $30,770(000$ omitted$).($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.$ Enter other revenue and gains before other expenses

and losses$)$

BONITA COMPANY

Income Statement

For the Year Ended December $31,2025$

$($In thousands, except earnings per share$)$

Sales Revenue

Cost of Goods Sold

Gross Profit

Operating Expenses

Selling Expenses

Income from Operations

Other Revenues and Gains

Other Expenses and Losses

Interest Expense

Income before Income Tax

Income Tax

Net Income $/($Loss$)$

eTextbook and Media

List of Accounts Prepare an income statement for the year $2025$ using the multiple$-$step form. Common shares outstanding for $2025$

total $30,770(000$ omitted$).($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.$ Enter other revenue and gains before other expenses

and losses$)$

BONITA COMPANY

Income Statement

For the Year Ended December $31,2025$

$($In thousands, except earnings per share$)$

$

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$

$

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$V$

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$ Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple$-$step

versus a single$-$step format. The discussion involves the following $2025$ information related to Bonita Company $($ $$000$ omitted$).$

Administrative expense

Selling expense

versus a single$-$step format. The discussion involves the following $2025$ information related to Bonita Company $($ $$000$ omitted$).$

Administrative expense

Prepare an income statement for the year $2025$ using the multiple$-$step form. Common shares outstanding for $2025$

total $30,770(000$ omitted$).($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.$ Enter other revenue and gains before other expenses

and losses$)$

BONITA COMPANY

Income Statement

For the Year Ended December $31,2025$

$($In thousands, except earnings per share$)$

Sales Revenue

Gross Profit

Operating Expenses

Selling Expenses

$

$\backslash$

$[$

$\backslash$

$-$

$.$

Total Selling Expenses

$

Administrative Expenses

Total Administrative Expenses

Income from Operations

Other Revenues and Gains

Other Expenses and Losses

Interest Expense

Income before Income Tax

Income Tax

Net Income $/($Loss$)$

Earnings per Share

$($b$)$

Your answer is partially correct.

Prepare an income statement for the year $2025$ using the single$-$step form. $($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.)$

BONITA COMPANY

Income Statement

For the Year Ended December $31,2025$

$($In thousands, except earnings per share$)$

$\backslash$table$[[$Rent Revenue$]]$

Total Revenues

$

$

Administrative Expenses

Total Expenses

Net Income$/($Loss$)$

Net Income$/($Loss$)$

eTextbook and Media

List of Accounts