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Presented below are selected ledger accounts of Tamarisk Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold
Presented below are selected ledger accounts of Tamarisk Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2020) Cash dividends pald (2020) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2019 Retained earnings, December 31, 2019 Effective tax rate 20% $55,000 110,000 88,000 594,000 231,000 22.000 16,500 44,000 33.000 99.000 Prepare a partial income statement beginning with income from continuing operations before Income tax, and including appropriate earnings per share information Assume 10.000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, es. 1.58.) TAMARISK CORPORATION Income Statement For the Year Ended December 31, 2017 $
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