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I just need to know the labels for the section under administrative expense and pretax income. The homework keeps saying the question isnt complete and
I just need to know the labels for the section under administrative expense and pretax income. The homework keeps saying the question isnt complete and I have to plug a value into those columns. The following data were taken from the records of Township Corporation at December 31 of the current year Sales revenue Gross profit Selling (distribution) expense Administrative expense Pretax income Income tax rate Shares of stock outstanding $94.000 29.000 6.200 ? 13,400 35% 3.000 Required: 1. Prepare a complete multiple-step income statement for the company. (Hint: Rely on the amounts and percentages given to infer missing values.) (Round "Earnings per share" to 2 TOWNSHIP CORPORATION Income Statement $94.000 (65,000) 29.000 Sales revenue Cost of goods sold Gross profit Operating expenses Seling (distribution) expense Administrative expense 6.200 (9.400) 0 Total operating expenses Pretax income (15.600) 13,400 0 4,690 $ 8.710 $ 2.90 Income taxes expense Net income Earnings per share
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