10 of 13 < Current Attempt in Progress Presented below are certain account balances of Sheridan Products Co. Rent revenue $5,980 Sales discounts $7,200 Interest expense 11,660 Selling expenses 91,520 Beginning retained earnings 105,320 Sales revenue 368,000 Ending retained earnings 123,400 Income tax expense 24,280 Dividend revenue 65.200 Cost of goods sold 169.720 Sales returns and allowances 11.420 Administrative expenses 76,200 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) dividends declared during the current year. (a) Total net revenue (b) Net income (c) Dividends declared during the current year Textbook and Media S -/1 E Question 11 of 13 Cute ALLempumerogress -/1 E Sheridan plc reports the following information for 2022: sales revenue 766,600, cost of goods sold 524,400, operating expenses 86,300, and an unrealized holding loss on equity securities designated at fair value through other comprehensive income for 2020 of 53,500. It declared and paid a cash dividend of 14,110 in 2022. Sheridan plc has January 1, 2022, balances in share capital-ordinary 355,100; accumulated other comprehensive income related to the unrealized holding gain of 82,800; and retained earnings 94,670. It issued no ordinary shares during 2022. Ignore income taxes. Prepare a statement of changes in equity. Beginning Balance Net Income Unrealized Gains on Equity Securities Designated at Fair Value Through Other Comprehensive Income Dividends Ending Balance SHERIDAN PLC Statement of Changes in Equity E O E Share Capital-Ordinary 355,100 Question 13 of 13 View Policies Current Attempt In Progress Presented below is information related to Sheridan Ltd. for the year 2022 (amounts in thousands). Net sales HK$1,104,000 Write-off of inventory due to obsolescence HK$76,000 Cost of goods sold 720,000 Depreciation expense omitted by accident in 2021 38,000 Selling expenses 58.000 Interest expense 46,000 Administrative expenses 44,400 Cash dividends declared 42,000 Dividend revenue 22,000 Retained earnings at December 31, 2021 904,000 Interest revenue 6,800 Effective tax rate of 34% on all items -/1E Prepare an income statement for 2022. Assume that 54,000 ordinary shares are outstanding. (Round earnings per share to 2 decimal places, eg. 1.49.) SHERIDAN LTD. Income Statement HK$ C A Question 13 of 13 < Income Statement HK$ HK$ MacBook Pro -/1 E Question 13 of 13 eTextbook and Media List of Accounts HK$ HK$ MacBook Pro -/1 Question 13 of 13 eTextbook and Media List of Accounts SHERIDAN LTD. Retained Earnings Statement HK$ HK$