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Coronado Corporation had income from operations of $6,524,000. In addition, it suffered an unusual and infrequent pretax loss of $770,600 from a volcano eruption, interest
Coronado Corporation had income from operations of $6,524,000. In addition, it suffered an unusual and infrequent pretax loss of $770,600 from a volcano eruption, interest revenue of $17,130, and a write-down on buildings of $52,170. The corporation's tax rate is 30%. Prepare a partial income statement for Coronado beginning with Income from operations. The corporation had 5,000,000 shares of common stock outstanding during 2020. (Round earnings per share to 2 decimal places, eg. 1.48.) CORONADO CORPORATION Income Statement (Partial) For the Year Ended December 31, 2020 Income From Operations LA Other Revenues and Gains Interest Revenue
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