Prepare a multiple stro income statement for 2014. assume that 60,000 shares of common stock are outstanding

(Multiple-step Statement with Retained Earnings) Presented below is information related to Trieu Corp. for the year 2014. Net sales Cost of goods sold Selling expenses Admin. expenses Dividend revenue Interest revenue $1,200,000 780,000 65,000 48,000 20,000 Write-off of inventory due to obsolescence $80,000 Depreciation exp. omitted by accident in 2009 40,000 Casualty loss (extraordinary item) before taxes 50,000 Dividends declared 45,000 Retained earnings at December 31, 2009 980,000 Effective tax rate of 34% on all items 7,000 Instructions (a) Prepare a multiple-step income statement for 2014. Assume that 60,000 shares of common stock are outstanding Attach File Browse My Computer Browse Content Collection Browse Dropbox