The following summarized data relate to Bowden Corporation's current operations: Sales revenue $968.500 Cost of goods...

Transcribed Image Text:

The following summarized data relate to Bowden Corporation's current operations: Sales revenue $968.500 Cost of goods sold 585.000 Selling expenses 75.400 93.600 6.500 83,200 Administrative expenses Loss on sale of equipment Income tax expense shares of common stock Outstanding at January 1 Additional issued at May 1 Additional issued at November 1 Required Prepare a multiple-step income statement for Bowden Corporation for the year. Include earnings per share disclosure at the bottom of the income statement. Sales Revenue Cost of Goods Sold BOWDEN CORPORATION Income Statement For the Year Ended December 31 Gross Profit on Sales Selling Expenses 15,000 shares 9,100 shares 2.600 shares Aciministrative Expenses Operating Income Loss on Sale of Equipment Income before Taxes Income Tax Expense Net Income Earnings per share of Common Stock The following summarized data relate to Bowden Corporation's current operations: Sales revenue $968.500 Cost of goods sold 585.000 Selling expenses 75.400 93.600 6.500 83,200 Administrative expenses Loss on sale of equipment Income tax expense shares of common stock Outstanding at January 1 Additional issued at May 1 Additional issued at November 1 Required Prepare a multiple-step income statement for Bowden Corporation for the year. Include earnings per share disclosure at the bottom of the income statement. Sales Revenue Cost of Goods Sold BOWDEN CORPORATION Income Statement For the Year Ended December 31 Gross Profit on Sales Selling Expenses 15,000 shares 9,100 shares 2.600 shares Aciministrative Expenses Operating Income Loss on Sale of Equipment Income before Taxes Income Tax Expense Net Income Earnings per share of Common Stock