Question: prepare an income statement for 2022 Bramble Ltd. provided the following information for the year 2022. f 636,000 254,400 318,000 2,014,000 84,800 901,000 67,060 Retained
Bramble Ltd. provided the following information for the year 2022. f 636,000 254,400 318,000 2,014,000 84,800 901,000 67,060 Retained earnings, January 1, 2022 Administrative expenses Selling expenses Sales revenue Cash dividends declared Cost of goods sold Gain on sale of investments Loss on discontinued operations Rent revenue Unrealized holding gain on equity securities designated at fair value through other comprehensive income Income tax applicable to continuing operations Income tax benefit applicable to loss on discontinued operations Income tax applicable to unrealized holding gain Weighted average shares outstanding 79,500 42.400 17.500 199,000 26.900 2.900 100,000
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