Question: please solve asap on Excell sheet Additional Problem 5 The following information is taken from the accounting records of Sunland Corporation, a Canadian public company,

please solve asap on Excell sheet
please solve asap on Excell sheet Additional Problem 5 The following information
is taken from the accounting records of Sunland Corporation, a Canadian public
company, for the year ended December 31, 2018 Accounts receivable $95,000 Retained

Additional Problem 5 The following information is taken from the accounting records of Sunland Corporation, a Canadian public company, for the year ended December 31, 2018 Accounts receivable $95,000 Retained earnings, January 1, 2018 274,000 Loss on operation of discontinued operations before tax) 105,000 Sales revenue 1,173,000 Cost of goods sold 739,000 Selling expenses 132,000 Cash 63,000 Common shares (20,000 common shares outstanding) 200,000 Dividend revenue 17,800 Inventory 124,000 Unearned service revenue 4,100 Land 375,000 Interest expense 18,100 Administrative expenses 162,000 Notes payable (maturity 2023) 255,000 Accounts payable 61,400 Gain on sale of discontinued operations (before tax) 152.000 Depreciation expense 50.800 Loss on sale of equipment (before tax) 12,800 Sunland Corporation is subject to a 30% income tax rate. Prepare a multiple-step income statement in good form for Sunland Corporation (earnings per share information is not required) BACK Prepare a multiple-step income statement in good form for Sunland Corporation (earnings per share information is not required) Sunland Corporation Income Statement . . 42 . 4 . : . . . A

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!