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can someone assist with this aasignment? Sheridan Corporation reported the following pretax amounts for the year ended August 31, 201?: prot before income tax [on

can someone assist with this aasignment?

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Sheridan Corporation reported the following pretax amounts for the year ended August 31, 201?: prot before income tax [on the company's continuing operations), $371,000; loss from operations of discontinued operations, $99,000; and gain on disposal of assets of discontinued operations, $?0,000. Sheridan is subject to a 20% income tax rate. Assume that the prot before income tax of $31,000 is from $580,000 of revenue and $209,000 of operating expenses. Prepare an income statement. SHERIDAN CORPORATION Statement of Income

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