1) Find gross profit, net income, tax expense and income from operations. Please provide steps.

2) If Thor Co. has 2,000,000 common shares outstanding for the year 2017 and $100,000 of preferred dividends, provide the EPS disclosures required for the company.

Part V: Multistep Income Statement (18 points) e following information to determine the relevant subtotals that would be observed on a multistep Co. had the following list of pretax expenses and revenues for the year 2017, provide S9,300,000 Wage expense income statement. 1. Thor relevant subtotals for a multistep income statement: Sales Revenue, net Impairment of discontinued division Interest Revenue $1,200,000 $750,000 $700,000 Restructuring costs $600,000 Cost of goods sold $450,000 Loss on operations of a $4,700,000 $450,000 Unrealized foreign translation loss discontinued division Depreciation expense $900,000 Research and development $200,000 If Thor Co. had 2,000,000 common shares outstanding for the year 2017 and $100,000 of preferred dividends, provide the EPS disclosures required for the company. 2. 3. Thor Co.'s discontinued division had a book value of assets of $4,700,000 and a book value of liabilities of $3,200,000 prior to the impairment charged during 2017. Provide the after-tax gain or loss on disposal in 2018 if Thor Co. sold the discontinued division for $1,900,000 cash and faced selling costs of $150,000. Thor Co. provided the following balances at the start of the year 1/1/17, determine the ending balances in both of these accounts assuming that Thor Co. declared and paid common dividends 4. of $125,000 during the year in addition to the $100,000 of preferred dividends (preferred of $125,000 during the year in addition to the $100,000 of prefered dividends are also deducted from Retained Earnings on closing): Retained Earnings 1/1/17 Accumulated Other Comprehensive Income 1/1/17 $2,340,000 credit $250,000 credit