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Question 2-(B1, C1, A38 Points) San Co. has the following trial balance accounts at the end of 2019 Account Amount Account Amount Cash 100,000 AR
Question 2-(B1, C1, A38 Points) San Co. has the following trial balance accounts at the end of 2019 Account Amount Account Amount Cash 100,000 AR 200,000 Tax expenses 5,050 Inventories 80.000 Buildings 20,000 Net Sales revenue 300,000 Loss of disposal assets (net) 3,000 Purchases 150.000 Interest expense 1,500 Cost of goods sold 240.000 2.000 Fright out 2.000 Depreciation expense Salaries I Common stock (1000,000 Outstanding Shares) 5.000 Rental revenue 1.000 509,550 Instructions: 1- Prepare multi-step income statement if the tax rate was 10%. 2- Calculate the Earnings per Share
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