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10 pts Graham Company has a 40% tax rate and has the following balances taking from its adjusted trial balance as of December 31, 20X9:
10 pts Graham Company has a 40% tax rate and has the following balances taking from its adjusted trial balance as of December 31, 20X9: Retained earnings, December 31, 20X8 $650,000 Sales revenue 4,100,000 Selling and administrative expenses 240,000 Cash dividends declared on common stock 63,000 Cost of goods sold 3,530,000 Loss on discontinued operations (pre-tax) 200,000 1. Gross Profit 2. Income before Taxes 3. Income from Continuing Operations 4. Net Income 5. Retained Earnings as of 12/31/X9
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