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Presented below is information related to Viel Company at December 31, 2020. Sales revenuex Cost of goods sold General and administrative expensesx Gain on life
Presented below is information related to Viel Company at December 31, 2020. Sales revenuex Cost of goods sold General and administrative expensesx Gain on life insurance proceeds Loss on sale of securities: Loss-on-impairment of property, plant, and equipment: Income tax expensex Income allocation-tonon-controlling interest Common dividends declared Preferred dividends declared and paid Unrealized loss on available-for-sale debt investments (33.33% effective tax rate) Retained earnings, January 1 Common stock, January 1 Paid-in-capital in excess of par value, January 18 Accumulated other comprehensive income, January 12 Common stock outstanding (shares) $ 310,000 140,000 50,000 30,0008 10,000 6,000 12,0008 25,000 14,000 5,000:8 15,000 44,000 100,000 50,000 $ 13,000 8 100,000 Instructions: Prepare a multiple-step-income statement. Round earnings-per-share-to-2-decimal places
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