RUSH: PLEASE help with wrong answers (accounting)

Preparing the Nonoperating items Section of an Income Statement Gomez Inc reported the following pretax amounts for 2020. Assuming an income tax rate of 25%, prepare the income statement beginning with Operating income Ignore the earrings per share disclosures Account 2020 Loss from discontinued operations $86.400 Gain on sale of investments 9.000 Interest Expense 32.400 Operating income 720,000 Loss on sale of patent 86,400 720,000 0.000 Do not use negative suns with any of your answers Enter Other expenses and losses items in alphabetical order, Atlanta Corp Income Statement For the Year Ended December 31, 2020 Operating income Other revenues and gains Gain on sale of investments Other expenses and loss Interest expense Loss on sale of paten income before income res t Income expense income from continuing operations Discontinued operation Los from discontinued operations, net of tax saving $ Net income 32.400 36.400 934200 M 233.550 700.00 B00X OM Check Reporting Discontinued Operations Leigh Corp. disposed of its Knit Products Division in june of 2020 at a loss of 576,000 before tax. Prior to the sale, the Knit Products Division (considered a separate business component report net loss from operations of 5810,000 before tax Leigh Corp reported income from continuing operations of $1,800,000 before tax for 2020 a. Assuming an income tax rate of 25%, prepare an income statement beginning with income from Continuing Operations. Ignore earnings per share disclosures . Use a negative sign to indicate a loss Leigh Corp Income Statement June 2020 Income from continuing operations $ 1.350.000 Discontinued operations Loss from discontinued operations net oftas 664.500 X Loss on disposal of discontinued operation, et of tax savings 57.000 x Net income 6a5.300 b. Repeat the requirements of part a but now assume that the Knit Products Division reported income from operations of $160,000 in 2020 Use a negative sign to indicate a loss Leigh Corp. Income Statement June 2020 Income from continuing 1.350.000 Discontinued operations Income from discontinued operations net of tax 130.000 Los on sposal of discontinued operations net of tax savs 57000 M Nincome 5 1.4100 Check On October 31, 2020. Leigh Corp, approved a formar plan to dispose of int Products Division On December 31, 2000, the Knut Products Own was held for sale but had beeld. The Products Division considered a separate business component reported a netloss from operations of 08.000 before tax for the year ended December 31, 2020. The shootinhas book value and fair value atter selling) of 56.480.000 and 55.940.000, respectelech Corp.reported income from one person of 1.670.000 before tax for 2000 3. Assuming an income tax rate of 25% prepare the earnings per share section beginning with income from Continuing Operations Weighted average common share outstanding for 2020 were 100.000 Use a negative sign to indicate a loss Enter the answers in dollars and cents rounded to the nearest penny Leigh Cerp Income Statement Excerpt Year Ended December 31, 2020 Per Share Amountion or Donde Lo scoperto porno 175 deport the requirements of part a but now assume that the book vee of the Knie houts on 35 Pen 099 on December , 2018 . Use a negative in to indicate a loss Enter the answers in dollars and controunded to the nearest penny Leigh Corp Income Statement Ecerpt Year Ended December 31, 2020 Per Share Amountain 12.150 x Descontinued operatiom Los bons discoot of 1 cone Preparing a Single-step and a Multiple-Step Income Statement The following selected items are taken from the adjusted trial balance of Amic Corp. at December 31, 2020 51330.000 Cost of goods sold 805.000 Dudents received an investment into 3.100 interest expense 5230 Lone of 67,200 Promen expense Shipping expense Deprecated in Selanda 2000 Salories Generada 112.000 Other general and an expenses 119.40 3.500 21.000 5.000 1.200 Common 20 000 shares Required a Prepare a single-step income statement including earnings per share include income taxes in its own section b. Prepare a multiple-step income statement including earnings per sharel Enter revenues and gains and expenses and losses in the order of the rest doar amount to the smallest dollar amount. Do not use negative signs with any of your answers Enter the answer for earnings per share in dollars and cente rounded to the nearest penny Single-step Multiple step Prepare a single-step income statement including earnings per share include income taxes in its own section Amick Corp Income Statement For the Year Ended December 31, 2020 a. Prepare a single-step income statement including earnings per share). Include income taxes in its own section b. Prepare a multiple-step income statement (including earnings per share), Enter revenues and gains and expenses and losses in the order of the largest dollar amount to the smallest dollar amount Do not use negative signs with any of your answers. Enter the answer for earnings per share in dollars and cents, rounded to the nearest penny . Single-step Multiple step a. Prepare a single-step income statement including earnings per share). Include income taxes in its own section Amick Corp Income Statement For the Year Ended December 31, 2020 Revenues and gains Sales revenue . 1.330,000 Dividend revenue 9,100 Interest revenue 3.500 Total revenues and gains 1.342.600 Expenses and losses e Cost of goods sold 805.000 Salaries expense 231,420 Loss on sale of investments 67.200 Shipping expense 35.000 Other general and administrative expenses. -32.200 Depreciation expense 28.000 Promotion expense 21,000 Interest expense 5,880 Total expenses and losses 1,225,700 Income before income taxes 306,425 x Income tax expense 25 X Net income 5 Earnings per share 5 70 the answer for earnings per share in dollars and cents, rounded to the nearest penny. Single-step Multiple-step X x (4) . X X > >> (4) Check