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coding Heading 2 Title Paragraph Styles Q3 (30%) Bang Corporation's capital structure consists of 100,000 ordinary shares. At December 31, 2018 an analysis of the
coding Heading 2 Title Paragraph Styles Q3 (30%) Bang Corporation's capital structure consists of 100,000 ordinary shares. At December 31, 2018 an analysis of the accounts and discussions with company officials revealed the following information Sales 1,100,000 Purchase discounts 18.000 Purchases 642,000 Gain on discontinued operations (net of tax) 42,000 Selling expenses 128,000 Cash 60,000 Accounts receivable 90.000 Share capital 200 000 Accumulated depreciation 180,000 Dividend revenue 8,000 Inventory, January 1, 2018 152,000 Inventory, December 31, 2018 125.000 Rent revenue 4.400 Accrued interest payable 1,000 Land 370,000 Loss on disposal of assets 100.000 Retained earnings, January 1, 2018 290,000 Interest expense 17,000 General and administrative expenses 150.000 Dividends declared 29,000 Allowance for doubtful accounts 5000 Notes payable (maturity 7/1/21) 200.000 Machinery and equipment 450,000 Materials and supplies 40.000 Accounts payable 60,000 Instructions. Prepare an income statement with the EPS section income tax rate is 3096
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