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Debits Credits 745,000 63,000 113,000 Partial Trial Balance Data Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expense Interest
Debits Credits 745,000 63,000 113,000 Partial Trial Balance Data Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expense Interest expense General and administrative expenses 530,000 147,000 33,000 106,000 Rodgers had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a multiple-step income statement with earnings per share disclosure. Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places. $ Rodgers Co. Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses General and administrative expense $ 106,000 Selling expense 147,000 745,000 530.000 215,000 Total operating expenses Operating income (1) Other income (expense); 253,000 (38,000) Total other income, net Income before income taxes 0 (38,000) Net Income (los) Rodgers had 50,000 shares of stock outstanding throughout the year. Income tax expense rate is 25%. Required: Prepare a multiple-step income statement with earnings per share disclosure. Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places. Rodgers Co. Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses: General and administrative expense $ 106,000 Selling expense 147,000 745,000 530,000 215,000 253,000 Total operating expenses Operating income (loss) Other income (expense): (38,000) 0 Total other income, net Income before income taxes (38,000) Net Income (loss) Earnings per share
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