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I have been working on financial statement, but I do not know that I am on the right track or not. This is my assignment:

I have been working on financial statement, but I do not know that I am on the right track or not. This is my assignment:

Carr Company has the following ledger accounts and adjusted balances as of December 31, 2019.All accounts have normal balances.Carr's income tax rate is 20%.Carr has 300,000 shares of Common Stock authorized, 100,000 shares of Common Stock issued, and 95,000 shares of Common Stock outstanding.

Accounts Payable..................................58,500

Accounts Receivable.............................. 405,000

Accumulated Depreciation-Building............ 112,500

Accumulated Depreciation-Equipment..........90,000

Administrative Expenses.........................90,000

Allowance for Doubtful Accounts...............45,000

Bonds Payable...................................... 400,000

Building............................................1,125,000

Cash.................................................58,500

Common Stock....................................600,000

Cost of Goods Sold...............................855,000

Discount on Bonds Payable.....................10,000

Dividends..........................................30,000

Equipment.......................................... 435,000

Income from Operations of Division X........90,000

(Division X is a component of Carr Company)

Interest Revenue................................... 60,000

Inventory.............................................630,000

Land (held for future use)......................... 450,000

Land (used for building).......................... 247,500

Loss from Sale of Division X...........................180,000

(Division X is a component of Carr Company)

Loss on Sale of Investments..................... .. 22,500

Mortgage Payable ................................. 562,500*

Paid-In Capital in Excess of Par..................396,000

Prepaid Rent........................................22,500**

Retained Earnings, January 1, 2019............ 562,500

Sales Discounts..................................... 45,000

Sales Returns and Allowances.................... 75,000

Sales Revenue....................................2,302,500

Selling Expenses.................................. 292,500

Trademark..........................................67,500

Treasury Stock.....................................60,000

*$40,000 of the principal comes due in 2019.

**Two years rent on offsite document storage paid in advance.

How can I compute the EPS? Is the weighted average # share common stock outstanding is 95,000 shares? What should I do with other 300, 000 shares and 100,000 shares under stockholder's equity?

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