Question: Please help with the questions below. You do not need to show your work. Alpine, Inc. gathered the following information for its year ended December
Please help with the questions below. You do not need to show your work.


Alpine, Inc. gathered the following information for its year ended December 31, 2017: Loss on re in building 10,000 Write down of obsolete inventory 14,000 Administrative Expenses 247,000 Common Stock, $10 par 500,000 Cost of Goods Sold 1,300,000 Dividend Revenue 20,000 Common Stock Dividends paid 41,000 Gain on Sale of Equipment 11,000 Goodwill 147,000 Income Taxes Payable 13 ,000 Loss on Sale of Land 72,000 Preferred Stock Dividends paid 19,000 Note Payable - Current only 50,000 Gross Sales 2,250,000 Selling Expenses 194,000 Sales Discounts 3 ,000 Unearned Revenues 27,000 Interest expense 103 ,000 Sales returns 8,000 The common stock was outstanding the entire year and the company's effective tax rate is 40%. The loss on fire in building was considered infrequent, but not unusual. Prepare a multiple step income statement, including earnings per share, for the year ended December 3 l, 2010. . The Gross Margin for Alpine Inc would be: A) 955,000 B) 969,000 C) 939,000 D) 942,000 E) None of the above . The Income from Operations would be: A) 404,000 B) 498,000 C) 511,000 D) 514,000 E) None of the above . The net amount of other revenues and expenses would be: A) 154,000 B) (154,000) C) 140,000 D) (140,000) E) None of the above . Net Income, aer tax, would be: A) 212,000 B) 215,000 C) 190,000 D) 201,000 E) None of the above . Earnings per share would be: A) 3.96 B) 3.58 C) 4.50 D) 2.71 E) None of the above
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