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Presented below is information related to Aussie Inc. for the current year Unrealized Loss on Net Sales 13,000 800 AFS Debt Securities Depreciation Cost of
Presented below is information related to Aussie Inc. for the current year Unrealized Loss on Net Sales 13,000 800 AFS Debt Securities Depreciation Cost of Goods Sold 7,800Omitted by accident 550 in the previous year Selling Expenses 650Casualty loss 500 Administrative Cash dividends 480 450 ExpensesDeclared Dividend revenue 200 Beginning Balance of 9800 Retained Earnings Interest Revenue 70 Tax Rate 20% Required: 1. Compute Net Income NIfor Aussie 2. Compute Comprehensive Income [CI] for Aussie 2. Assuming 600 common shares were outstanding for the entire year compute the company's earnings per share [EPS] for Net Income. Round to the nearest hundredth
3. Compute the balance of Retained Earnings as of the end of the year RE
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