Question 2 Presented below are selected ledger accounts of Nash SA as of December 31, 2022....
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Question 2 Presented below are selected ledger accounts of Nash SA as of December 31, 2022. Cash 41,000 Administrative expenses 82,000 Selling expenses 65,600 Net sales 442,800 Cost of goods sold 213,200 Cash dividends declared (2022) 16,400 Cash dividends paid (2022) 12,300 Discontinued operations (loss before income taxes) 32,800 Depreciation expense, not recorded in 2021 24,600 Retained earnings, December 31, 2021 73,800 Effective tax rate 30% (a) Compute net income for 2022. Net income Prepare a partial income statement beginning with income before income tax, and including appropriate earnings per share information. Assume 20,000 ordinary shares were outstanding during 2022. (Round earnings per share to 2 decimal places, e.g. 1.58.) NASH SA Income Statement Question 2 Presented below are selected ledger accounts of Nash SA as of December 31, 2022. Cash 41,000 Administrative expenses 82,000 Selling expenses 65,600 Net sales 442,800 Cost of goods sold 213,200 Cash dividends declared (2022) 16,400 Cash dividends paid (2022) 12,300 Discontinued operations (loss before income taxes) 32,800 Depreciation expense, not recorded in 2021 24,600 Retained earnings, December 31, 2021 73,800 Effective tax rate 30% (a) Compute net income for 2022. Net income Prepare a partial income statement beginning with income before income tax, and including appropriate earnings per share information. Assume 20,000 ordinary shares were outstanding during 2022. (Round earnings per share to 2 decimal places, e.g. 1.58.) NASH SA Income Statement
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