Prepare a SINGLE-STEP income statement with earnings per share disclosure.

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QUESTION 19 50.000 The trial balance of Lakewood Inc included the following accounts as of December 31, 2018 Debits Credits Sales Revenue $1,800,000 Interest Revenue 80,000 Gain on Sale of investments Cost of Goods Sold 1,100,000 Selling Expenses 220.000 Write-off of Obsolete Equipment 30 000 Interest Expenses 40.000 General and Administrative 200.000 Lakewood Inc had 100,000 shares of stock outstanding throughout the year Income tax expense has not yet been accrued. The effective tax rate is 30% Required: Prepare a single-stop income statement with earnings per share disclosure AF QUESTION 19 The trial balance of Lakewood Inc. included the following accounts as of December 31, 2018 Debits Credits Sales Revenue $1,800.000 Interest Revenue 80,000 Gain on Sate of lovestments 50,000 Cost of Goods Sold 1.100.000 Selling Expenses 220 000 Wito off of Obsoleto Equipment Interest Expenses 40.000 General and Administrative 200.000 Lakewood Inc. had 100.000 shares of stock outstanding throughout the year Income tax expense has not yet been accrued The effective tax rates 30% Required: Prepare a single-stop income statement with earnings per share dolore 30.000