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Income Statement Goldinger Corporation had account balances at the end of the current year as follows: sales revenue, $32,000; cost of goods sold, $12,000; operating
Income Statement
Goldinger Corporation had account balances at the end of the current year as follows: sales revenue, $32,000; cost of goods sold, $12,000; operating expenses, $6,000; and income tax expense, $5,600. Assume shareholders owned 4,000 shares of Goldinger's common stock during the year.
Prepare Goldinger's income statement for the current year. Round earnings per share to the nearest cent.
GOLDINGER CORPORATION | |
Income Statement | |
For the Year Ended December 31, Current Year | |
$ | |
$ | |
Operating expenses | |
$ | |
$ | |
$ |
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