Please With Comprehensive problem 4 part 2 using the above information.

a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. c. Issued $500,000 of 10 -year, 5% bonds at 104 , with interest payable semiannually. shares were held and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at $40 per share plus a $150 g. Purchased 8,000 shares of treasury common stock at $33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the foun an equity method investment. i. Declared a $1.00 quarterly cash dividend per share on preferred stock. j. Paid the cash dividends to the preferred stockholders. k. Received $27,500 dividend from Pinkberry Co. investment in (h). I. Purchased $90,000 of Dream Inc. 10 -year, 5% bonds, directly from the issuing compa investment. m. Sold, at $38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of $0.60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at $45, including commission. Accrued interest for three months on the Dream Inc. bonds purchased in (I). : Pinkberry Co. recorded total earnings of $240,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. or Available-for-Sale Investments had a beginning balance of zero. Part 2: Note: You must complete part 1 before part 2 . t (1) and all adjusting Retained earnings and balance sheet data: Accounts payable Accounts receivable $194,300 545,000 1,580,000 4,126,000 8,450 260,130 500,000 246,000 2,000,000 Accumulated depreciation-office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts Available-for-sale investments (at cost) Bonds payable, 5%, due 20Y4 Cash Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) Dividends: Cash dividends for common stock 155,120 Cash dividends for preferred stock 100,000 Goodwill 500,000 Income tax payable 44,000 Interest receivable 1,125 Investment in Pinkberry Co. stock (equity method) 1,009,300 Investment in Dream Inc. bonds (long term) 90,000 Merchandise inventory (December 31, 20Y2), at lower of cost (FIFO) or market 778,000 Office buildings and equipment 4,320,000 Paid-in capital from sale of treasury stock 13,000 Excess of issue price over par-common stock 886,800 Excess of issue price over par-preferred stock 150,000 Preferred 5\% stock, $80 par (30,000 shares authorized; 20,000 shares issued) 1,600,000 Premium on bonds payable 19,000 Prepaid expenses 27,400 Retained earnings, January 1, 20Y2 9,319,725 Store buildings and equipment 12,560,000 Treasury stock (5,400 shares of common stock at cost of $33 per share) 178,200 Unrealized gain (loss) on available-for-sale investments (6,500) Valuation allowance for available-for-sale investments (6,500) Valuation allowance for available-for-sale investments (6,500) On your own paper, in the working papers, or using a spreadsheet, prepare the following: a. Prepare a multiple-step income statement for the year ended December 31, 20Y2, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. (Round earnings per share to the Ir calculations and enter the requested amounts below. and enter the requested amounts below. balance in retained earnings