Question: Prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal places, e.g. $1.48. Enter negative amounts using



Prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal places, e.g. $1.48. Enter negative amounts using either a negative sign preceding the number eg. -45.00 or parentheses eg. (45.00).) Kinder Company Income Statement For the Year Ended December 31, 2022 Net sales E 8000 Selling, general, and administrative expenses 5400 Per Share 7300 EKinder Company Income Statement For the Year Ended December 31, 2022 Net sales 1850,000 Costs and expenses: Cost of goods sold 2640,000 Selling, general, and administrative expenses 70,000 Other, net 20,000 730,000 Income before income taxes 120,000 Income taxes 36,000 Net income 184,000 Additional information: 1. "Selling, general, and administrative expenses" included a charge of $7,000 for impairment of intangibles. 2. "Other, net" consisted of interest expense, $5,000, and a discontinued operations loss of $15,000 before taxes. If the loss had not occurred, income taxes for 2022 would have been $40,500 instead of $36,000. 3. Kinder had 20,000 ordinary shares outstanding during 2022. Prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal places, e.g. $1.48. Enter negative amounts using either a negative sign preceding the number e.g. -45.00 or parentheses e.g. (45.00).)
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