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Presented below is information (in thousands) related to EHBer Company. Retained earnings, December 31, 2018 650,000 Sales revenue Sales Return Selling and administrative expenses Gain
Presented below is information (in thousands) related to EHBer Company. Retained earnings, December 31, 2018 650,000 Sales revenue Sales Return Selling and administrative expenses Gain on disposal of component (pre-tax) 260,000 Cash dividends declared on ordinary shares 33,600 Cost of goods sold 830,000 Gain resulting from computation error on depreciation charge in 2021 (pre-tax) Rent revenue 1,400,000 100,000 240,000 520,000 120,000 90,000 10,000 Impairment loss Interest expense Required Prepare in good form an income statement for the year 2022. Assume a 20% tax rate and that there were 50,000 ordinary shares outstanding during the year.
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