1. prepare income statment 2.compute the earning per share this is the template

CM CNCOCA CP CR CS CU CV CW CX CY Muey Mueva hoja de calculos hacia su derecha Exercise 4 (Value 25 points) On September 16, the Hurricane Maria destroyed the Accounting office of Onur Bey LLC. Fortunately, Mr Onur had kept important data related to the income activities Sales 1 The beginning merchandise inventory was $92,000 2. The beginning merchandise inventory decreased 20% during the ourrent year. 3. The amount of sales discount is $17,000. 4. The interest expense amount is $20,000 5. The common stocks outstanding for the entire year were 20.000 shares. 6. The income tax rate is 30%. 7. The cost of goods sold is $500.000 8. The administrative expenses are the 20% of the cost of goods sold. 9. The administrative expenses are the 8% of the gross sales. 10. The selling are four times the administrative expenses. Operatin Actions to take: 1 Prepare the Income Statement. 2. Compute the Earnings per Share (Show your calculations to validate your results) Net Incon Outstandi Per Share Earnings pe Mueva hoja de calculos hacia su derecha Ha term Verifiqu Income Statement Sales Operating Expenses Net Income Outstanding Shares Per Share Earnings per Share 10:17 AM 10/14/2020 de ENG