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From the information below, prepare a properly classified, multiple - step income statement complete with earnings per share data. In addition, prepare a property classified
From the information below, prepare a properly classified, multiplestep income statement complete with earnings per share data. In addition, prepare a property classified retained earnings statement.
Happy Corporation
Trial Balance
Cash $
Accounts Receivable
Allowance for Bad Debts
Interest Receivable
Inventory ox
Building
Acc ReprBuilding
Store Fumiture & Fixtures
Acc DeprStore Furniture & Fixtures
Long Term Investments
Sales Salaries Peyable
Dividends Payable
Income Tax Payable
Common Stock $ par
Retaining Earnings
Dividends Saies
Sales Discount
Purchases
Purchases Discounts
tableFreight inMisc General Expense,Orficer Salaries Expense,Orfice Wage Expense,Misc Office Expense,Sales Salaries Expense,Misc Selling Expense,Derd ExpenseBuilding,Derd ExpenseStore F & Fix,Bad Debt Expense,
Interest Revenue
Loss on Disposal of Business Seg
Operating Loss on Business Seg
Income Tax Expense
Gain on Sale of Investment
Uninsured Flood Loss
A Ending Inventory is $
B The loss on disposat is atready NET of tax of $ the operating loss is atready NET of tax of $
C The uninsured ftood loss is already NET of tax of $
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