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Current Attempt in Progress Presented below is an income statement for Kinder Company for the year ended December 31, 2022. 850,000 Kinder Company Income Statement
Current Attempt in Progress Presented below is an income statement for Kinder Company for the year ended December 31, 2022. 850,000 Kinder Company Income Statement For the Year Ended December 31, 2022 Net sales Costs and expenses: Cost of goods sold 640,000 Selling, general, and administrative expenses 70,000 Other, net 20,000 Income before income taxes 730,000 120,000 36,000 84,000 Income taxes Net income Additional information: 1. 2. "Selling, general, and administrative expenses" included a charge of 7,000 for impairment of intangibles. "Other, net" consisted of interest expense, 5,000, and a discontinued operations loss of 15,000 before taxes. If the loss had not occurred, income taxes for 2022 would have been 40,500 instead of 36,000. Kinder had 20,000 ordinary shares outstanding during 2022. 3. Prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal places, eg. $1.48. Enter negative amounts using either a negative sign preceding the number eg.-45.00 or parentheses e.g. (45.00).) Kinder Company Income Statement For the Year Ended December 31, 2022 Net sales
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