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mulitple step income statement and stocholder equity help plz and show work! F72 X X APIC 2 During 2020: 3 Sales revenue $880,000, interest revenue

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F72 X X APIC 2 During 2020: 3 Sales revenue $880,000, interest revenue $30,000; rent revenue $160,000; 4 Dividend Revenue $80,000; sales Returns & Allowances $25,000, 5 Sales discounts $70,000; COGS $350,000; Selling exp $100,000; 6 General Administrative expenses $80,000; Interest expense $70,000; 7 Loss on sale of Investments $60,000; Restructuring Costs $75,000, 8 Gain on sale of compenant that qualifies as a discontinued ops $150,000; 9 Write down of inventory $50,000; foreign currency translation gain $20,000; 10 unrealized gain in value of land $50,000; 11 Unrealized gain in the value of patents $50,000; 12 unrealized loss in value of available for sale securities $60,000 ; 13 14 Additional information: 15 Tax rate is 20% 16 The company issues 50,000 shares on 10/1/20 for $250,000 17 The company issues 20,000 shares on 7/1/20 for equipment that has a fair value of $100,000 18 The company declared dividends of $100,000 of which $25,000 will be paid on 1/31/21. 20 Prepare a statement of comprehensive income utilizing 21 the multiple step income statement approach. 22 Prepare a statement of shareholders' equity 25 Multiple Step Income Statement 27 Revenue 28 COGS 29 Gross Profit 30 Operating Expenses 31 Selling Expenses 32 Administrative Expenses Sheet1 + Ready Mai X A = = Calibri (Body) B IU 14 C A A Wrap Text Merge & Center Paste E F72 x fx APIC F G 60 DOPS 61 NI 63 Statement of Shareholders' Equity 65 The company's total shareholders' equity as of 12/31/2019 is $1,777,000 66 Common stock par value of $2; 67 Auth 500,000 and issued/outstanding 100,000 @ an average issue price of $4.75. 68 Accumulted other comprehensive income is $180,000 69 The balance in shareholders' equity is retained earnings. 71 Statement of Shareholders' Equity Accumulated Other Comprehensive Income Retained Earnings Total Common Stock APIC 73 Beginning Balances 1777000 74 Net Income 76 Dividends . 77 Issue Common Stock 78 Issue Common Stock 79 Ending Balance Sheet1 Ready

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