a and b

Asme Problems The following pretax information is taken from the adjusted trial balance of Trader J's Corp. at December 31. 2020, its annual year-end. Sales revenue, net. $950,000 Interest expense $ 9,000 Gain on sale of investment 8,000 Recovery from prior expropriation loss... 30,000 Depreciation expense. 25.000 Loss on sale of long-term investments 10,000 Selling expenso 140,000 Cost of goods sold... 550.000 General and administrative expenses 92,300 Casualty loss 30,000 Ront revenue 18,000 Average income tax rate on all items 25% Investment revenue 7.000 Common stock outstanding 40.000 shares Problem 3-51 Preparing a Single Step and a Multiple Stop Income Statement L01,4 belum macho Required a. Prepare a single-step income statement including the camings per share disclosures. b. Prepare a multiple-step income statement including the earnings per share disclosures. Assume that rent rev. enue is nonoperating