Prepare multi-step income statement (including EPS) with additional information:

1. The AFS investment porfolio held an unrealized holding loss of $3,200 at April 30, 2019

2. Bailey's had an effective tax rate of 30% on their life jackets division

3. They experinced a negative foreign currency translation adjustment of $1,800 in 2019

4. 8,500,000 shares of common stock were outstanding throughout 2019

6 Wrap Text sert Page Layout Formulas Data Review View Arial 12 A- A = = = D. BIU. ELAA 33 33 XV fx Merge & Center Credit Bailey's Boating World, Inc. Adjusted Trial Balance April 30, 2019 ($s in Thousands) Account Debit Cash and cash equivalents 21,000 Accounts receivable 170,000 Inventory 230,000 AFS Investments 44,000 Property, plant, and equipment 400,000 Loan to Amy's Anchors (long-term) Accounts payable Accrued liabilities Income taxes payable Bonds payable Accumulated depreciation Common stock Additional Paid in Capital Treasury stock 15,000 Accumulated Other Comprehensive Income Retained earnings Gain on sale of equipment Loss from discontinued operations, net Interest revenue Sales revenue Cost of goods sold 389,000 Advertising expense 8,500 Salaries expense 52,190 Supplies expense 24,760 Legal expenses 98,000 Utilities expense 46,000 Other SG&A expenses 102,550 Income tax expense 19,000 $ 1.620,000 $ 250,000 30,000 42,000 70,000 120,000 85,000 183,400 16,600 41,000 28,000 754,000 1,620,000