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Ivanhoe Company's trial balance of income statement accounts for the year ended December 31, 2017 included the following: Debit Credit $287000 $169000 35500 18200 Sales
Ivanhoe Company's trial balance of income statement accounts for the year ended December 31, 2017 included the following: Debit Credit $287000 $169000 35500 18200 Sales revenue Cost of goods sold Administrative expenses Loss on disposal of equipment Commissions to salespersons Interest revenue Freight-out Loss from discontinued operations 16600 10100 5700 23900 Bad debt expense 6500 Totals $275400 $297100 Other information: Ivanhoe's income tax rate is 30%. Finished goods inventory: $162000 January 1, 2017 December 31, 2017 140000 On Ivanhoe's multiple-step income statement for 2017, Cost of goods manufactured is O $196700. $191000. O $152700. $147000. Multiple Choice Question 75 In 2017, Sunland Company reported net income of $531000. It declared and paid preferred stock dividends of $129000 and common stock dividends of $63000. During 2017, Sunland had a weighted average of 300000 common shares outstanding. Compute Sunland's 2017 earnings per share. $2.20 $1.13 $1.34 $1.77
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