PART C-Income statement and retained earnings statement. Pakistan Corporation, capital structure consists of 50,000 shares of...

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PART C-Income statement and retained earnings statement. Pakistan Corporation, capital structure consists of 50,000 shares of common stock. At December 31, 20121, an analysis of some accounts and discussions with company officials revealed the following information: Sales revenue Loss from sales investment $3,250,000 163,000 Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-machinery Dividend revenue 128,000 60,000 90,000 200,000 900,000 180,000 168,000 Unearned service revenue 124,400 Interest payable 11,000 Land 370,000 Patents 100,000 Retained earnings, January 1, 2021 270,000 Interest expense 117,000 Administrative expenses. 170,000 Dividends declared and paid 24,000 125,000 Allowance for doubtful accounts Notes payable (maturity 7/1/2025) Error of depreciation for 2020 Machinery Inventory General expenses Accounts payable Income taxes expenses 200,000 10,000 450,000 40,000 140,000 60,000 72,900 Instructions. (a) Prepare a multiple-step income statement. (b) Calculate the earnings per share for this company. (c) Prepare a retained earnings statement. 30 points PART C-Income statement and retained earnings statement. Pakistan Corporation, capital structure consists of 50,000 shares of common stock. At December 31, 20121, an analysis of some accounts and discussions with company officials revealed the following information: Sales revenue Loss from sales investment $3,250,000 163,000 Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-machinery Dividend revenue 128,000 60,000 90,000 200,000 900,000 180,000 168,000 Unearned service revenue 124,400 Interest payable 11,000 Land 370,000 Patents 100,000 Retained earnings, January 1, 2021 270,000 Interest expense 117,000 Administrative expenses. 170,000 Dividends declared and paid 24,000 125,000 Allowance for doubtful accounts Notes payable (maturity 7/1/2025) Error of depreciation for 2020 Machinery Inventory General expenses Accounts payable Income taxes expenses 200,000 10,000 450,000 40,000 140,000 60,000 72,900 Instructions. (a) Prepare a multiple-step income statement. (b) Calculate the earnings per share for this company. (c) Prepare a retained earnings statement. 30 points