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need help asap this the format of how they want it Thats the only information I have Sales revenue is 25,000,000 Enclosed, the accounting information

need help asap

image text in transcribed

image text in transcribed

this the format of how they want it

Thats the only information I have

Sales revenue is 25,000,000

image text in transcribed

Enclosed, the accounting information for Sultana Holdings for the year www1. Outstanding Common Shares 500,000 Sultana Holdings decided to discontinue its entire ABC operations considered a discontinued operations) However, will retain the DEF Division Amount $16.000.000 Cost of Goods Sold $ 250,000 $ 80,000 110,000 $ 1,244,000 $ 70.000 $ 390,000 Dividends declared on Common Stocks Dividends declared on Preferred Stocks Gain on the sales of investment Income Taxes for the year xxx1 Interest Revenue Loss due to flood damage Loss on the disposition of the ABC Division (net of taxes) Loss on the operations of the ABC Division (net of taxes) Retained Earnings, Beginning Balance, January 1, 1 Sales Revenue Selling and Administrative Expenses Write-off of Goodwill $ 440 000 $ 90,000 $ 980,000 ######### $ 4,700,000 $ 820,000 Actions to take: 1. Prepare a Multiple-Step Income Statement (including date) (15 points) 2. Prepare a Retained Earnings Statement including date) (10 points) M 0 P BUY AC ACASA Income Statement Y Z AL Emin Pehar Sales tainings per Share Reter Net Income Preferred tradenda Weid-Average Connen shares standing Gross Prot Operating Expenses Income from Operations Other Revenues and Gent Recaine Total Other Oihet penses and LERDE Fringe Per Share Net binne Earnings per Share Net In Pretened hedende Weighted Average Care Shales Chartanding Income from Continuing Operations Discontinued Operations Newe Outstanding Shares Per har Earrings per Share * RI 11 96 11 Format Painter BI U av A 3 Clipboard Font Aligni G25 X 25000000 A 8 K 9 B E F G H Exercise 1(Value 25 points) Enclosed the accounting information for Sultana Holdings for the year 1 Outstanding Common Shares 500,000 Sultana Holdings decided to discontinue its entire ABC operations considered a discontinued operations) However, will retain the DEF Division 10 11 12 13 14 Sales 15 Cost of Goods 16 Amount $ 16,000,000 $ 250,000 $ 80,000 17 C 18 Operating Ex $ 110,000 19 20 Cost of Goods Sold Dividends declared on Common Stooks Dividends declared on Preferred Stocks Gain on the sales of investment Income Taxes for the year 1 Interest Revenue Loss due to flood damage Loss on the disposition of the ABC Division (net of taxes) Loss on the operations of the ABC Division (net of taxes) Retained Earnings Beginning Balance, January 1, xxx1 Sales Revenue Selling and Administrative Expenses Write-off of Goodwill $ 1.244.000 $ 70,000 21 Income from O $ 390,000 22 Other Revenue $ 23 440.000 90,000 24 25 $ 980.000 # ######## Total 26 Other Expenses a $ 4.700.000 $ 820.000 28 30 31 Actions to take: 1. Prepare a Multiple-Step Income Statement including date) (15 points) 2. Prepare a Retained Earnings Statement including date) (10 points) 32 Income from Continu Discontinued Operati 39 34 35 36 37 38 Net Income Outstanding Shares Per Share 40 41 42 Sheet1 + Ready O Type here to search

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