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Please Help ASAP!!! 6. Income Statement and Retained Earnings Statement Porter Corporation's capital structure consists of 50,000 shares of common stock. At December 31,2020 an

Please Help ASAP!!!
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6. Income Statement and Retained Earnings Statement Porter Corporation's capital structure consists of 50,000 shares of common stock. At December 31,2020 an analysis of the accounts and discussions with company officials revealed the following information: The amount of income taxes applicable to income was $72,900, excluding the tax effect of the discontinued operations loss which amounted to $27,000. Instructions (a) Prepare a multiple-step income statement. (b) Prepare a retained earnings statement

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