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help with missing area and correct if anything is incorrect The following information is available for Kingbird Inc. for the year ended December 31, 2017:

help with missing area and correct if anything is incorrect

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The following information is available for Kingbird Inc. for the year ended December 31, 2017: Loss on discontinued operations $81,000 Rent revenue 91,000 Income tax applicable to continuing operations 307,000 Administrative expenses 504,000 Loss on write-down of inventory 35,000 Gain on sale of equipment 30,000 Unrealized gain on available-for-sale securities 28,000 200,000 shares were outstanding during all of 2017. Retained earnings January 1, 2017 $1,300,000 Selling expenses 862,000 Income tax applicable to loss on discontinued operations 27,000 Cost of goods sold 1,662,000 Sales revenue 3,745,000 Cash dividends declared 225,000 Interest expense 55,000 Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.45.) Kingbird Inc. come Statement For the Year Ended December 31, 2017 V Sales Revenue $1 3720000 Cost of Goods Sold 1648000 Gross Profit 2072000 Operating Expenses Selling Expenses V 872000 Administrative Expenses V 519000 1391000) Income from Operations 681000 Other Revenues and Gains v Gain on the Sale of Equipment V 40000 Rent Revenue v 86000 126000 Other Expenses and Losses v Interest Expense V 57000 Inventory Loss 43000 100000 Income from Continuing Operations Before Income Tax V 707000 Income Tax v 302000 Income from Operations 405000 Discontinued Operations V Loss on Discontinued Operations 49000 Net Income / (Loss) 356000 Per share of common stock:Prepare a comprehensive income statement for 2017. KINGBIRD INC. Comprehensive Income Statement For the Year Ended December 31, 2017 V Net Income f (Loss) V $ 356000 Other Comprehensive Income V Unrealized Holdin- Gain, Net of TaxV 2500 Comprehensive Income $ 331000 SHOW LIST OF ACCOUNTS Prepare a retained earnings statement for 2017. (List items that increase retained earnings first.) KINGBIRD INC. Retained Earnings Statement For the Year Ended December 31, 2017 V Retained Earnings, January 1 V 35 1480000 Add V : Net Income f (Loss) V 381000 1861000 Less V : Dividends Declared V 228000 Retained Earnings, December 31 V :5 1533000

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