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QUESTION 6. This is a blast from the past. IN GOOD FORM, prepare the follow statements for Dickinson Corp. for the fiscal year ended
QUESTION 6. This is a blast from the past. IN GOOD FORM, prepare the follow statements for Dickinson Corp. for the fiscal year ended March 31, 2022 using the information in the table below: 1. a multiple-step income statement 2. a statement of comprehensive income 3. statement of retained earnings Create tables on Word or a spreadsheet on Excel (it is far easier to fix any mistakes you discover) for your statements All amounts below are before tax. The appropriate tax rate is 21%. Sales revenue General and administrative expenses Research & development expense Interest revenue Loss on sale of investment Operating loss of Honduran division sold on February 1, 2022 Preferred dividends declared Retained earnings, 4/1/21 Discovered on April 15, 2022, that depreciation was not recorded in fiscal year 2020 $1,000,000 Interest expense 60,000 Gain on sale of equipment $ 5,000 5,000 25,000 Cost of goods sold 3,000 Selling expenses 1,000 Total Dividends Declared 25,000 Loss due to Hurricane Ida 645,000 90,000 30,000 $20,000 20,000 Gain on sale of Honduran division sold February 1, 2022 5,000 6,500 250,000 Foreign currency translation loss 7,500
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