presented below is information for Sheridan Corp, for the year 2025

prepare a multi step income statement for 2025. assume the 250,000 shares of common stock were outstanding during 2025

Current Attempt in Progress Presented below is information for Sheridan Corp, for the year 2025. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue Interest expense Write-off of goodwill due to impairment Depreciation expense omitted in 2023 Dividends declared Effect on prior years of change in accounting principle (credit) 308,000 Loss from operations of discontinued component of business 33600 Gain from disposal of component of business 420,000 Federal tax rate of 20% on all items