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Question 8 out of 3 point Sheridan Company is preparing its 2020 income statement. The company provided the following 2020 2020 net income 2,500,000 Cash 400,000 Dividends to preferred stockholders 20,000 Weighted common shares outstanding 250,000 What is reported for camins per share this year Question 9 Use the lowell Company dataset below to answer to When will Comar2020 income what the mounted others and gains in 2020 tancome med? Columns Columna Data set below for Boswell Company for the year anded 12/31/70 Cost of goods sold 1 200 000 Cain on sale of equipment 100,000 Gain on disposal of the Shelby division discontinued 350.000 Sain on disposal of part of the Gearty division 60.000 Interest expense 95.000 Interest revenue 120,000 Loss on sale of investment securities 80.000 Loss from operation of the Shelby division discontinued 500,000 Rental revenue 170,000 Sales 3,000,000 Sales returns and allowances 75.000 Sales discounts 25,000 Selling general and administrative expenses 500 000 Shares outstanding (common) 200,000 Tax rate 40.0% Question 10 O out of 3 points Using the Jarrett Company adjusted trial balance below, what amount is reported as income from operations for 2019 if a multistepincome statement is prepared? Columnt Column2 Column3 Jarrett Company Adjusted trial balance Year ended 12.31.2019 Debit Credit Cash 420,000 Accounts receivable 950,000 Inventory 1,200,000 Accounts payable 560,000 Common stock 200.000 Retained earnings 320,000 Sales 3,000,000 Sales discounts 25,000 Sales returns and allowances 75,000 Cost of goods sold 1,200,000 Administrative expenses 300,000 Selling expenses 200.000 Gain on the sale of equipment 120,000 Interest revenue 220,000 Interest expense 250,000 Rental revenue 200,000 Totals 4,620,000 4,620,000 Tax rate 40% Weighted common shares outstanding 200,000