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Bramble Corporation had sales revenue of $5,900,000 and investment revenue of $227,000 for the year ended December 31, 2023. Other items pertaining to 2023 were

Bramble Corporation had sales revenue of $5,900,000 and investment revenue of $227,000 for the year ended December 31, 2023. Other items pertaining to 2023 were as follows:

Cost of goods sold $4,600,000
Salaries and wages expense (sales) 362,000
Advertising expense 121,000
Entertainment expense 75,000
Selling expenses 558,000
Salaries and wages expense (administrative) 312,000
Rent expense 104,000
Utilities expense 42,000
Administrative expenses 458,000
Increase in value of company reputation 75,000
Unrealized gain on value of patents 35,000
Interest expense 154,000
Income tax expense 81,000

Bramble has 100,000 common shares outstanding throughout the year.

(a)

make a multiple-step income statement for Bramble Corporation, showing expenses by function. Include calculation of EPS. (Round per share answer to 2 decimal places, e.g. 52.75.)

Bramble Corporation Income Statement choose the accounting period December 31, 2023For the Month Ended December 31, 2023For the Year Ended December 31, 2023
enter an income statement item $enter a dollar amount
enter an income statement item

enter a dollar amount

select a summarizing line for the first part Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains

enter a total amount for the first part

select an opening name for section one Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains
enter an income statement item $enter a dollar amount
enter an income statement item

enter a dollar amount

enter a subtotal of the two previous amounts

select a summarizing line for the second part Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains

enter a total amount for the second part

elect an opening name for section two Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains
enter an income statement item

enter a dollar amount

enter a total of the two previous amounts

select an opening name for section three Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains
enter an income statement item

enter a dollar amount

select a summarizing line for the third part Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains

enter a total amount for all three parts

enter an income statement item

enter a dollar amount

select a closing name for this statement Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains $enter a total net income or loss amount
select an income statement item Earnings per ShareGross Profit / (Loss)Income before Income TaxIncome from OperationsNet Income / (Loss)Operating ExpensesOther Expenses and LossesOther Revenues and Gains $enter a dollar amount rounded to 2 decimal places

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