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Complete the income statement in this step, and then identify and enter the applicable EPS amounts in the following step. (Round all earnings per
Complete the income statement in this step, and then identify and enter the applicable EPS amounts in the following step. (Round all earnings per share amounts to the nearest cent, $X.XX.) Grey Motorsports, Inc. Income Statement Year Ended November 30, 2024 Net Income Selling Expenses Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock-Common (2,500 shares) Net Sales Revenue $ 95,000 135,000 4,400 490,000 42,500 810,000 Common Stock, $15 Par Value, 14,500 shares authorized and issued Preferred Stock, $6 No-Par Value, 2,000 shares issued Income Tax Expense: Continuing Operations Income Tax Expense: Income from Discontinued Operations $ 217,500 120,000 45,000 1,760
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