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Presented below is information for Wildhorse Corp., for the year 2025. Net sales Cost of goods sold Selling expenses $3,510,000 2,160,000 171,000 126,000 Administrative
Presented below is information for Wildhorse Corp., for the year 2025. Net sales Cost of goods sold Selling expenses $3,510,000 2,160,000 171,000 126,000 Administrative expenses Dividend revenue Interest revenue Interest expense 54,000 36,000 81,000 Write-off of goodwill due to impairment 135,000 Depreciation expense omitted in 2023 189,000 Dividends declared 216,000 Effect on prior years of change in accounting principle (credit) 396,000 Loss from operations of discontinued component of business 432,000 Gain from disposal of component of business 540,000 Federal tax rate of 20% on all items Prepare a multiple-step income statement for 2025. Assume the 250,000 shares of common stock were outstanding during 2025. (List Other revenues before Other expenses. Round earnings per share to 2 decimal places, eg 5.25) WILDHORSE CORP. INCOME STATEMENT Prepare a multiple step income statement for 2025 Assume the 250,000 shares of common stock were outstanding during 2025 Other remes de Other nose Round aanings per share to 2 decid plors, eg 5.25) WILDHORSE CORP INCOME STATEMENT < < >
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