please help. i am stuck with income tax, and income from

continuing operations ans the last part.

Question 8 of 9 > 11.5/1 The following information is related to Vaughn Company for 2020, Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $1,156,400 29.500.000 18,880,000 82,600 5,546,000 967.600 1.467.920 129,800 460.200 519.200 106,200 295,000 94,400 Vaughn Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Vaughn sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. Your answer is partially correct Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, eg 149) eBoor 16 3 $ 4 % 5 6 & 7 8 9 0 W E R T Y U 0 S D F G H . son 8 of 9 11.5/12 VAUGHN COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue $ 29500000 Cost of Goods Sold -18880000 Gross Prot/Loss 10620000 Selling and Administrative Expenses 5546000 Income from Operations 5074000 Other Revenues and Gains Interest Revenue 32600 Gain on the sale of investments 129800 212400 Other Experwers and tones Will of Goodwill 967600 Los trom Food Damage 460200 1427800 incomum Continues Gelore Income Tax 4313 So 888 00 DD PE F . % A $ 4 3 5 6 & 7 . 00 9 0 E R T Y 0 C Problem 4-01 Part X The following informaX C Current Attempt in PX c Theologie ment PX Protect wiley.com/was/u/2/assessment-player/index.html?launchid=158248f0-8698-450-85da-ce53101063243question/ he 11.5/12 stion 8 of 9 1427800 4318800 Income from Continuing Operations Before Income Tax 14679201 Income Tax 2850880 Income from Continuing Operation Discontinued Operations 539200 Loss on Disposal Net of Applicable tax 106200 Loss on Operations. Net of Applicable Tux 6.500 $ 176520 Netcomes Earrings Per Share 551 Income from Continuing Operations Before Income Tax Income from Operations Net Income Los) Other Expenses and losse Income from Continu Operations Discontinued Operations Gross Profil Los Earrings Per Share Other Revenue and Game 100 1 21 13 So 00 D TE 28 A & $ 4 % 5 ) 0 3 6 7 8 o W E R T Y I O P wiley.com/was/u/v2/assessment-player/index.html?iaunchid=158248fe-6696-460-85da-ce5310fd63248/question/ G estion 8 of 9 11.5/12 625400 Net Income / Loss $ 1765280 Earrings Per Share Income from Continuing Operations Before Income Tax 551 Descontinued Operations Loss on Disposal.Net of Applicable Tax 104 1 Loss on Operations. Net of Applicable Tax 21 125 Neticesi e Textbook and Media List of Accounts Your rower is comic De Bretained canines Mement (stem that increase retained earnings ft. 285 1 FA 85 DU F DD * S 4 3 3 5 6 & 7 8 9 O W E R T T Y U 0 P S D F G H