Prepare an Income Statement and Compute Earnings Per Share for Wade Furniture Company utilizing Excel (preferred) or Word then upload the document.

Wade Furniture Company has the following financial data.

Complete the following:

Prepare an Income Statement

Compute Earnings Per Share 

Sales	$ 1,500,000
Depreciation Expense	50,000
Cost of Goods Sold	900,000
Interest Expense	20,000
Selling and Administrative Expense	150,000
Taxes	125,000
Preferred Stock Dividends	10,000
Common Shares Outstanding	50,000