John Corp	12/31/2025
	Debit	Credit
Common Dividends Paid	$80,000
Cost of Goods Sold	$850,000
Dividend revenue		$60,000
Gain on Sale of Discontinued Operations		$200,000
Gain on Sale of Equipment		$70,000
Restructuring charge	$10,000
Interest Expense	$100,000
Loss on Discontinued Operations	$75,000
Net Sales Revenue		$1,870,000
Preferred Dividends Paid	$100,000
Selling & Admin Expense	$540,000
Additional information:
Tax rate	20%
Common Shares Outstanding 12/31/25	1,000,000
Preferred Shares Outstanding 12/31/25	800,000
Possible account titles and subtotal headings for the P&L
(cell reference from here, some may be used more than once)
Cost of Goods Sold
Discontinued Operations
Dividend Revenue
Earnings per share
Gain on Sale of Discontinued Operation
Gain on Sale of Equipment
Gross Margin
Income from Continuing Operations
Income from Continuing Operations Before Taxes
Income from Operations
Income Statement
Interest Expense
Less Income Tax Expense
Loss on Discontinued Operations
Net Income
Net Sales Revenue
Net tax expense on disc operations
Other Expenses and Losses
Other Revenues and Gains
Restructuring Charge
Selling & Administrative Expenses
Total Discontinued Operations After Tax
Year Ended 12/31/25

Income Statement Year Ended 12/31/25 Income Statement Year Ended 12/31/25