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please show your work on everything The following information was taken from the records of Munez Motorsports, Inc at November 30, 2018 E (Click the

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The following information was taken from the records of Munez Motorsports, Inc at November 30, 2018 E (Click the icon to view the data.) Prepare a multi-step income statement for Munez Motorsports for the fiscal year ended November 30, 2018. Include earnings per share Complete the income statement in this step, and then identify and enter the applicable EPS amounts in the following step. (Round all earnings per share amounts to the nearest cent, SX XX) Munez Motorsports, Inc. Income Statement Year Ended November 30, 2018 Net Sales Revenue $ 799,800 Cost of Goods Sold 460,000 Gross Profit 1,259,800 $ 130,000 125 000 255 000 Operating Expenses. Selling Expenses Administrative Expenses Operating Income/income Before Taxes Income Tax Expense Income From Continuing Operations Discontinued Operations (less applicable tax) 144 800 70,000 N 74,800 (400) Net Income 74,400 Selling Expenses $ 130,000 125,000 $ 40,500 400 Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock-Common (3,500 shares) Common Stock $9 Par Value, 4,500 shares authorized and issued Preferred Stock, $3 No-Par Value 4,000 shares issued Income Tax Expense. Continuing Operations Income Tax Expense: Income from 460,000 280,000 35,000 70,000 Net Sales Revenue 799,800

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