Exercise 4-6 Page I of 2 Print by: JULIEANNE LEITE INTERMEDIATE ACCOUNTING I SP18 -Gabriel/ Cha 4 H/w Exercise 4-6 e following balances were taken from the books of Waterway Corp. on December Interest revenue $41,200 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable Selling expenses $87,200 52,200 Cash o 29,200 156,200 195,200 171,200 Sales revenue 1,381,200) 151,200 Accounts receivable Prepaid insurance 21,200 Accounts payable 151,200 Bonds payable Sales returns and allowances 101,200 Allowance for doubtful accounts Sales discounts Land Equipment Buildings 98,200 8,200 46,200 101,200 201,200 141,200 622,200 Administrative and general expenses 33,200 61,200 101,200 151,200 Accrued liabilities Interest expense Notes payable Loss from earthquake damage Common stock Retained earnings Cost of goods sold 501,200 22,200 Assume the total effective tax rate on all items is 34% Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.) WATERWAY CORP