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Plano Co. 12/31/2018 Partial Trial Balance Data Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expenses Interest expense General
Plano Co. 12/31/2018 Partial Trial Balance Data Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expenses Interest expense General and administrative expenses Debits Credits 700,000 60,000 110,000 500,000 150,000 30,000 60,000 Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30% Required Prepare a multiple-step income statement with earnings per share disclosure. (Amounts to be deducted should be Indicated with a mlnus sign. Round EPS answer to 2 declmal places.) PLANO CO Income Statement For the Year Ended December 31, 2018 $ 700,000 ales revenue Cost of goods sold Gross profit Operating expenses General and administrative expenses Restructuring costs Selling expenses Total operating expenses et income Earnings per share
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