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Case 4 (1 Mark) From the adjusted trial balance for Jason Company given below, a) prepare a multiple-step income statement b) determine the earnings per

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Case 4 (1 Mark) From the adjusted trial balance for Jason Company given below, a) prepare a multiple-step income statement b) determine the earnings per share if 40,550 shares were issued and were outstanding. Jason Products Company Adjusted Trial Balance For the Year Ended December 31, 2019 (In thousands, except earnings per share) Advertising expense 2,690 Depreciation sales equipment 6,480 Depreciation office furniture and equipment 3,960 Officers' salaries 4,900 Sales commissions 7,980 Interest expense 1,860 Cost of goods sold 63,570 Income tax 7,580 Rent revenue 17,230 Sales Discounts 1,500 Sales Returns and Allowances 5,000 Sales revenue 102,500 Answer Jason Company Income Statement For the Year Ended December 31, 2019 (In thousands, except earnings per share)

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