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I need help to solve this question... The following information was taken from the ledger and other records of Lillie Inc. at December 31, 2022.
I need help to solve this question...
The following information was taken from the ledger and other records of Lillie Inc. at December 31, 2022. All amounts are pre-tax. 12,000 issued and authorized 180,000 issued an Additional Information: There was no change in number of preferred shares during. the year. Preferred share cash dividends were in arrears for 2021. There were 145,000 common shares outstanding on January 1,2022.20,000 issued on April 1, 2022 and another 17,000 shares were issued on Oc Required: Prepare an Income Statement in good form for Lillie Inc. for the fiscal year ended December 31, 2022. Use an income tax rate of Include full earnings per share disclosure and show all calculations. tion was taken from the ledger and other records of Lillie Inc. All amounts are pre-tax. ntinued Operation nent d operations $3 cumulative 20,000 shares authorized 12,000 issued and authorized nd Paid, 2022 inuary 1,2022 mited authorization, 180,000 issued and outstanding 422,0 : There was no change in number of preferred shares during. are cash dividends were in arrears for 2021. There were 145,000 common shares outstanding on January 1,2022.20,000 shares were 2 and another 17,000 shares were issued on Oct 1,2022 Income Statement in good form for Lillie Inc. for the. ember 31,2022 . Use an income tax rate of 40% er share disclosure and show all calculations Step by Step Solution
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