need help plz

You may use the attached spreadsheet to help you complete this activity, but you are not required to do so. You will find the spreadsheet by clicking on the green Excel icon in the upper left hand corner of the activity. Simple Income Statument The following are selected items for Albertson Company as of December 31, 2016: Purchases (net) $60,000 Sales (net) $100,000 Merchandise inventory, January 1, 2016 $20,000 Operating expense $22,000 Gain on sale of equipment $5.000 The merchandise Inventory on December 31, 2016, 1# 31000 Ten thousand sees of common stock have been outstanding the entire year. Atertiones a periodic loventory system Required: Assuming a 30 income tax rate on otoms of income, prepare a 2016 income statene for Albertson Company wing a huge stop trormatRound coming pershan computations to the most cont ALBERTSON COMPANY Income Statement (Multi-Stop) For Year Ended December 31, 2016 Sales net 100.000 Cost of goods 5.4 Smple noome Statx CengageNOWV2 Online teachinx eAssignment/lakeAssignment Main.do?invoker=&takeAssignmentSession Locate Asuming a 309 Income tax rate on all items income, prepare a 2016 incor earrings per share computations to the nearest cent. ALBERTSON COMPANY Income Statement (Multi-Step) For Year Ended December 31, 2016 Sales (net) 100,000 Cost of goods sold COSTO DOSES Other items LIFE Other items EPS Components of income Assuming a 30% income tax rate on all items of income, prepare a 2016 Income statement for Albertson Company using a single step format. Round earnings per share computations to the nearest cent ALBERTSON COMPANY Income Statement (Single-Step) For Year Ended December 31, 2016 Revenues Total revenue Assuming a 30% Income tax rate on all items of income, prepare a 2016 Income statement for Albertson Company using a single-step format. Round camnings per share computations to the nearest cent. ALBERTSON COMPANY Income Statement (Single-Step) For Year Ended December 31, 2016 Revenues Total revenues Expenses Total expenses Components of income ENS D EXTD 10:19