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prepare the multi step income statement, for the year ended december 31, 2020. include eps at the bottom and include vertical analysis colum. Solar Solutions

prepare the multi step income statement, for the year ended december 31, 2020. include eps at the bottom and include vertical analysis colum.
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Solar Solutions began operations on January 1, 2015, and is now in its sixth year of operations. It is a retail sales company with a large amount of online sales. The adjusted trial balance as of December 31, 2020 appears below, along with prior year balance sheet data and some additional transaction data for 2020. SOLAR SOLUTIONS Adjusted Trial Balance 12/31/2020 Account Title Cash Accounts Receivable Prepaid Insurance inventory Office Equipment Machinery & Tools Accumulated Depreciation Accounts Payable salaries Payable Sales Tax Payable Note Payable--Long Term Common Stock. $10 par Retained Earnings Dividends Sales Revenue Cost of Goods Sold Rent Expense salaries Expense Insurance Expense Advertising Expense Depreciation Expense interest Expense Income Tax Expense 2020 Adjusted Trial Balance Debit Credit $ 122,200 55,000 5,000 46,000 63,000 59,000 $ 21,000 11,200 2,600 2,000 31,000 240,000 28,600 10,000 235,000 127,600 20,000 36,000 11,800 6.000 5,000 1,800 3,000 $ 571,400 571.400 2019 Post-Closing Trial Balance Debit Credit $ 125,600 35,000 6,000 15,600 47,000 21,000 16,000 16,800 2,700 4,000 22,100 160,000 28,600 250,200 2.50,200

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