Presented below is information related to Holt Company:

INSTRUCTIONS:

Prepare in proper format a multiple-step income statement for the year 2022. Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year. UPLOAD YOUR ANSWER AS A PDF FILE.

Question 3 10 pts Presented below is information related to Holt Company: $ Retained earnings, December 31, 2022 Sales Selling and administrative expenses Loss (pre-tax) from a discounted operation Cash dividends declared on common stock Cost of goods sold Gain resulting from a computation error on decpreciation charge in 2021 (pre-tax) Other revenues Other expenses 650,000 1,400,000 240,000 290,000 33,600 780,000 520,000 120,000 100,000 INSTRUCTIONS: Prepare in proper format a multiple-step income statement for the year 2022. Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year. UPLOAD YOUR ANSWER AS A PDF FILE