Question: This is a variation of the previous problem focusing on income statement presentation. Required: Refer to the information presented in Problem 4-4. Prepare a revised

This is a variation of the previous problem focusing on income statement presentation.

Required:

Refer to the information presented in Problem 4-4. Prepare a revised income statement for 2011 reflecting the additional facts. Use a multiple-step format. Assume that an income tax rate of 40% applies to all income statement items, and that 20 million shares of common stock were outstanding throughout the year.

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