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Screen Shot 2021-02-10 at 8.50.28 PM V Q Search Screen Shot 20... The following is a partial listing of the accounts for Crocs Company for
Screen Shot 2021-02-10 at 8.50.28 PM V Q Search Screen Shot 20... The following is a partial listing of the accounts for Crocs Company for the year ended December 31, 2020, in alphabetical order. E (Click the icon to view the partial listing of accounts.) (Click the icon to view the facts.) Required During the year, the company issued shares for proceeds of $400,000. In addition, the company had a change depreciation policy that required a retroactive adjustment which increased the prior year's depreciation expense by $59,000. Crocs pays income tax at the rate of 20%. Assume that all the above items except for retained earnings are before tax. Partial listing of accounts Requirement a. Prepare, in good form, a multi-step income statement that i ended December 31, 2020. (Use parentheses or a minus sign for numbers t Crocs Company Income Statement Required For the year ended December 31, 2020 Common shares $ Dr. (Cr.) (1,900,000) 3,778,000 79,000 Sales $ 4,664,000 -3378000 Cost of goods sold Gross profit 1286000 140,000 Using the provided information above, prepare, in good form, the following: a. A multi-step income statement that includes relevant subtotals, with operating expenses listed by their function, for the year ended December 31, 2020. b. A statement of changes in equity for the year ended December 31, 2020. 960,000 Cost of goods sold Depreciation expense Dividends declared Employee wages and benefits Loss from discontinued operations before tax Marketing and advertising expenses Retained earnings, January 1, 2020 Sales 111,000 Income before income taxes 646,000 Income tax expense Income from continuing operations (445,000) (4,664,000) 314,000 Loss from discontinued operations Utilities expense Net income Print Done Choose from any list or enter any number in the input fields and then cl
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