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Please Answer and make corrections The following information is available for Windsor, Inc. for the year 2017. $10,700 8,300 121,120 2.100 Administrative expense Officers' salaries
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The following information is available for Windsor, Inc. for the year 2017. $10,700 8,300 121,120 2.100 Administrative expense Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax 5,200 16,970 14,600 224,000 12.630 3,680 Interest expense Common shares outstanding for 2017 total 22,000 (000 omitted). Your answer is partially correct. Prepare an income statement for Windsor Inc. for the year 2017 using the multiple-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.) WINDSOR COMPANY Income Statement For the Year Ended December 31, 2017 (In thousands, except earnings per share) Sales Revenue Rent Revenue For the Year Ended December 31, 2017 (In thousands, except earnings per share) Sales Revenue Rent Revenue Total Revenues Expenses Cost of Goods Sold $ Salaries and Wages Expense Accumulated Depreciation Equipment 7 Delivery Expense Sales Commission 7 Accumulated Depreciation Equipment Income Tax Expense Total Expenses 7 Net Income /(Loss) $ Earnings Per Share $Step by Step Solution
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