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ouTube Maps Return to Blackboard Kieso, Intermediate Accounting, 16th Edition, Custom WileyPLUS BlackBoard Course Card for Bronx Community College Help I System Announcements PRINTER VERSION
ouTube Maps Return to Blackboard Kieso, Intermediate Accounting, 16th Edition, Custom WileyPLUS BlackBoard Course Card for Bronx Community College Help I System Announcements PRINTER VERSION BACK NEXT Problem 4-1 (Part Level Submission) The following information is related to Sage Company for 2017. Retained earnings balance, January 1, 2017 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $996,990 26, 127,500 16,124,600 78,600 4,784,900 838,700 1,398,900 115,700 398,700 453,400 90,320 233,400 75,430 Sage Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Sage sold the wholesale operations to Rogers Company. During 2017, there were 511,000 shares of common stock outstanding all year. (al) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) SAGE COMPANY Income Statement ? A 201 AM ENG 2/21/2020
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