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Following is a partial adjusted trial balance before tax of Holden Corp. on January 31, 2022. Holden Corp. follows IFRS. Holden Corp.'s tax rate is
Following is a partial adjusted trial balance before tax of Holden Corp. on January 31, 2022. Holden Corp. follows IFRS. Holden Corp.'s tax rate is 29% and the company uses a perpetual inventory system. There are 14,000 common shares outstanding throughout the year. Account Balance Advertising expense.... 8,800 Cost of goods sold... 8,400 Depreciation expense, equipment.. 3,500 Freight-out expense... 9,100 Gain on sale of discontinued operations. 8,300 Interest expense... 7,700 Interest income. 5,600 Loss from discontinued operations... 5,600 Sales 55,700 Sales discounts.. 4,900 a) Prepare a multi step income statement for the year ended January 31, 2022. Please make sure your final answer(s) are accurate to 2 decimal places. Holden Corp. Income Statement For the year ended January 31, 2022 REQUIRED DISCLOSURES: Please make sure your final answer(s) are accurate to 2 decimal places. b) Calculate basic earnings per share from continuing operations. Earnings per share = $ c) Calculate basic earnings per share from discontinued operations. Earnings per share = $ d) Calculate basic earnings per share. Earnings per share = $ e) Report the income tax amount for the loss from discontinued operations. Income tax amount = $ f) Report the income tax amount for the gain on sale of discontinued operations. Income tax amount = $
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