ds RUX Corporation THTUBTERSEU comentatement on a Sunce yeste Vecumber 31, 20 Revenue Statement December 31, 2016 $179,000 2,240 Sales (net) Plus: Income from operations of discontinued Division P (net of $960 income taxes) Less: Dividends dedared ($1.50 per common share) (7,500) Net revenues $173,740 Less: Selling expenses (19,000) $154,740 Gross profit Less Operating expenses: Interest expense $4,100 2,800 110,700 5,370 (122,970) Loss on sale of Division P (net of $1,200 income tax credit) Cost of goods sold Income tax expense on income from continuing operations Total operating expenses Operating income Miscellaneous items: $31,770 Dividend revenue $1,800 General and administrative expenses (24,300) (22,500) $9,270 Income before unusual items Unusual items: Loss on sale of land $(4,800) Correction of error in last year's income (net of $1,500 income taxes) 3,500 Net income (1,300) $7,970 Retained Farninng Statement Income Statement (Multi-Step) For Year Ended December 31, 2016 Sales (net) 179.000 Cost of goods sold 110,700 68,300 Gross profit Operating expenses Selling expenses -19.000 General and administrative expenses -24,300 13.300 Total operating expenses Operating income 25,000 Other items Dividend revenue 1,800 LOSS on sale of land -4.800 Interest expense -4.100 Pretax income from continuing operations Income tax expense Income from continuing operations Results from discontinued operations Income from operations of discontinued Division P (net of income taxes) 2.240 Loss on sale of Division P (net of income tax credit) -2,800 -560 Net Income Components of Income Income from continuing operations EPS Results from discontinued operations -0.11 Net Income ds RUX Corporation THTUBTERSEU comentatement on a Sunce yeste Vecumber 31, 20 Revenue Statement December 31, 2016 $179,000 2,240 Sales (net) Plus: Income from operations of discontinued Division P (net of $960 income taxes) Less: Dividends dedared ($1.50 per common share) (7,500) Net revenues $173,740 Less: Selling expenses (19,000) $154,740 Gross profit Less Operating expenses: Interest expense $4,100 2,800 110,700 5,370 (122,970) Loss on sale of Division P (net of $1,200 income tax credit) Cost of goods sold Income tax expense on income from continuing operations Total operating expenses Operating income Miscellaneous items: $31,770 Dividend revenue $1,800 General and administrative expenses (24,300) (22,500) $9,270 Income before unusual items Unusual items: Loss on sale of land $(4,800) Correction of error in last year's income (net of $1,500 income taxes) 3,500 Net income (1,300) $7,970 Retained Farninng Statement Income Statement (Multi-Step) For Year Ended December 31, 2016 Sales (net) 179.000 Cost of goods sold 110,700 68,300 Gross profit Operating expenses Selling expenses -19.000 General and administrative expenses -24,300 13.300 Total operating expenses Operating income 25,000 Other items Dividend revenue 1,800 LOSS on sale of land -4.800 Interest expense -4.100 Pretax income from continuing operations Income tax expense Income from continuing operations Results from discontinued operations Income from operations of discontinued Division P (net of income taxes) 2.240 Loss on sale of Division P (net of income tax credit) -2,800 -560 Net Income Components of Income Income from continuing operations EPS Results from discontinued operations -0.11 Net Income