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Only those accounts are available Presented below is an income statement for Kinder Company for the year ended December 31,2022. Additional information: 1. Selling. general,
Only those accounts are available
Presented below is an income statement for Kinder Company for the year ended December 31,2022. Additional information: 1. "Selling. general, and administrative expenses" included a charge of E7,000 for impairment of intangibles. 2. "Other, net" consisted of interest expense, ,5,000, and a discontinued operntions loss of 15,000 before taxes. If the loss had not occurred, income takes for 2022 would have been 140,500 instead of 36,000. 3. Kinder had 20,000 ordinary shares outstanding during 2022. Prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal place eg. $1.48. Enter negative amounts using either a negative sign preceding the number eg. 45.00 or parentheses eg. (45.00).) Income from Continuing Operations Net sales Loss on disposal of component Income Taxes Net Income/(Loss) Other income and expense Discontinued Operations Cost of Goods Sold Loss on impairment Discontinued Operations, Net of Tax Income Before Income Taxes Selling, general, and administrative expenses Sales Revenue Income from Operations Other Expenses Gross Profit/ (Loss) Per Share Other Revenue Net Income/ (Loss) Per Share \begin{tabular}{|l|cc|c|} \hline Income from Continuing Operations & & 4.73 \\ \hline Discontinued Operations, Net of Tax & & 0.53 \\ \hline Net Income) (Loss) & & 4.2 \\ \hline \end{tabular} Step by Step Solution
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