Question: This question has four parts. Make sure you enter your answers for all four questions. The following information is available from certain balance sheet and

 This question has four parts. Make sure you enter your answers
for all four questions. The following information is available from certain balance

This question has four parts. Make sure you enter your answers for all four questions. The following information is available from certain balance sheet and all income statement general ledger accounts for Isla Co., a Delaware Corporation, for the fiscal year ended December 31,2022 - Cost of Goods Sold 2,200,000 - Sales Returns 50,000 - Allowance for Doubtful Accounts 100,000 - Patents Capitalized 60,000 - Product Sales 5,000,000 - Trademarks 15,000 - Engineering Expenses 820,000 - Losses on division scheduled for closing 50,000 before tax. - Goodwill 150,000 - Sales Discounts 30,000 - Tax rate 30% - Interest Expense 30,000 - Contributed Capital 300,000 - Gain on investments 20,000 - Wages payable 100,000 - There are 1,000,000 average common shares outstanding and 250,000 equivalent shares. A. Using only the income statement accounts, prepare a proper income statement. Don't forget to include section captions, properly labeled totals, and subtotals. You can use a table or a plain text entry, or you can copy/paste your statement from another program such as Microsoft Word or Excel. B. What is the Gross Margin \%? C. What is Basic EPS? Round to the nearest cent. D. What is Dilluted EPS? Round to the nearest cent: Questions 21-24 Use the following information to answer the next four questions. Davilla Inc. sells equipment. They note that at December 31, 2022, it has the following aging schedule of Accounts Receivable. 2022 Sales were $12,000,000. The amount in the allowance account at 12/31/22 is a credit balance of $48,000, prior to the review

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