Instructions:

1- prepare multi-step income statement if the tax rate was 10%

2- calculate the earnings per share.

Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 1 . 2 % 3 . . . 1 . 1 . 4 . . . 1 0 5 Answer the following questions Question 1 : (B1, C1, C2) (8 points) San Co. has the following trial balance accounts at the end of 2019 Account Amount Account Amount Cash 100,000 A\\R 200,000 Tax expenses 5,050 Inventories 80,000 Buildings 20,000 Net Sales revenue 300,000 Loss of disposal assets (net) | 3,000 Purchases 150,000 Interest expense 1,500 Cost of goods sold 240,000 Depreciation expense 2,000 Fright out 2,000 Salaries 5,000 Rental revenue 1,000 Common stock (1000,000 Outstanding Shares) 509,550 Instructions: 1- Prepare multi-step income statement if the tax rate was 10%. 2- Calculate the Earnings per Share. Answer of Question 1: Display Settings 6 553 words