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Jackonville Window Co. reports the following for 2015: Retained earnings, January 1 $ 335,200 Selling expenses $ 290,200 Sales Revenue $ 1,420,000 Interest Expense $
Jackonville Window Co. reports the following for 2015:
Retained earnings, January 1 $ 335,200
Selling expenses $ 290,200
Sales Revenue $ 1,420,000
Interest Expense $ 14,100
General and administrative expenses $ 224,800
Cost of Goods Sold $ 772,000
Dividends declared this year $ 40,000
The tax rate for all items 40%
Average shares of common stock outstanding during the year 30,000
Prepare a multiple-step income statement, including earnings per share data and a statement of retained earnings for Jacksonville.
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