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I NEED THE INCOME STATEMENT AND THE RETAINED EARNINGS STATEMENT DONE. TIMED ASSIGNMENT NEED ASAP Presented below is information related to Nash Corp. for the
I NEED THE INCOME STATEMENT AND THE RETAINED EARNINGS STATEMENT DONE. TIMED ASSIGNMENT NEED ASAP
Presented below is information related to Nash Corp. for the year 2020. Net sales $1,066,000 $65,600 Cost of goods sold 639,600 45.100 53.300 41.000 Selling expenses Administrative expenses Dividend revenue Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss Cash dividends declared Retained earnings at December 31, 2019 Effective tax rate of 20% on all items 39.360 36.900 16,400 803,600 Interest revenue 5.740 Prepare a multiple step income statement for 2020. Assume that 62,320 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal proces, . 149.) NASH CORP. Income Statement $ > > e Textbook and Media BEE Com NASH CORP. Retained Earnings Statement Step by Step Solution
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