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Presented below is information related to ABC Company for the year 201 Prepare Multi-step income statement and a Retained Earnings statement for 201g Net Sales

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Presented below is information related to ABC Company for the year 201 Prepare Multi-step income statement and a Retained Earnings statement for 201g Net Sales Investment revenue Cost of Goods Sold Major casualty loss that was unusual and infrequent (before tax) Selling expenses Dividends declared Interest expense Administrative expense Loss from operations of discontinued segment (before tax) $1,182,375 19,250 340,375 80,000 247,625 20,000 13,000 315,625 12,500 Effet on prior years of change in accounting method (Credit) (before tax) 100,000 Loss from disposal of assets of discontinued segment of business (before tax) 20,000 Retained earnings, January 1, 2019 Depreciation expense omitted in error ins(before tax) 500,000 zol6 70,000 Assume a Federal tax rate on all items 30% except for items that you know are always after tax amounts. 50,000 shares Weighted average of common shares outstanding for 2012 was

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