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please do the second question. The following information is available for Sandhill Corporation for the year ended December 31, 2020: sales revenue $795,000, other revenues
please do the second question.
The following information is available for Sandhill Corporation for the year ended December 31, 2020: sales revenue $795,000, other revenues and gains $82,000, operating expenses $109,000, cost of goods sold $465,000, other expenses and losses $31.000, and preferred stock dividends $36,000. The company's tax rate was 25%, and it had 56,000 shares outstanding during the entire year. Your answer is correct. Prepare a corporate income statement. (List other revenues before other expenses.) SANDHILL CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Revenue $ 795000 Cost of Goods Sold 465000 i Gross Profit/(Loss) 330000 Operating Expenses 109000 i Income from Operations V 221000 Other Revenues and Gains 82000 Other Expenses and Losses 31000 i Income before Income Taxes 272000 Income Tax Expense 68000 Net Income /(Loss) $ 204000 e Textbook and Media x Your answer is incorrect. Calculate earnings per share. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share $ 3.64Step by Step Solution
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