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. Instructions Failure to follow the instructions will result in a zero on this problem, Do your own work! The problem is due at the

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. Instructions Failure to follow the instructions will result in a zero on this problem, Do your own work! The problem is due at the beginning of class on Thursday, September 16, 2021 I will not accept it early or late, unless you have prior permission from me o T ONLY want the page with the Income Statement turned in to me. Use a pencil and erase any mistakes, Write legibly! Use the correct format, titles and subtitles, and columns Format and presentation have value I will post a copy on D2L if you need a clean copy Mickey Corporation's capital structure consists of 50,000 shares of common stock outstanding all of 2021. At December 31, 2021 an analysis of the accounts and discussions with company officials revealed the following information. Amounts below are given in thousandsthat is the 000s have been removed and you may leave them off on your Income Statement some dont work Sales revenue Loss on operations of wholesale division Loss on disposal of wholesale division Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-machinery Dividend revenue Unearned service revenue Interest payable Land Patents Retained earnings, January 1, 2021 Interest expense Administrative expenses Dividends declared Allowance for doubtful accounts Notes payable (maturity 7/1/25) Machinery Materials Accounts payable 1.250 60 30 128 60 90 200 700 180 8 4 1 370 100 270 17 170 24 5 200 450 40 60 Mickey Corporation decided to discontinue its wholesale operations, which will be accounted for as a discontinued operation. On July 1, 2021 Martin sold the wholesale operations. The income tax rate is 30% REQUIRED: On the following page, prepare in good form the multiple-step income statement for Mickey Corporation, including the per share amounts. Please round to nearest thousand when calculating net income HINT: Remember to add the 000s back to the dollar amounts before calculating EPS

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