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Show calculations if any Excel File Edit View Insert Format Tools Data Window Help 7 67% Thu 11:14 AM Q E O.. AutoSave . OFF

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Show calculations if any

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Excel File Edit View Insert Format Tools Data Window Help 7 67% Thu 11:14 AM Q E O.. AutoSave . OFF Ch4 1_ClassExample Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Liberation sans 11 A A = E ap Wrap Text v Custom Insert v xx Delete v 2 " AY- Paste BIU E E Merge & Center v $ ~ % " Conditional Format Cell Find & Ideas Formatting as Table Styles Format DV Sort & Sensitivity Filter Select D17 + X V fx C D E F G H K L M N 0 P 1 Pawlenciaga designs, manufactures and sells high-end shoes (that Pawlenciaga W N look like socks) for pets. Selected accounts and amounts from the trial Income Statement balance are shown below. All accounts have normal balances For the Year Ended December 31, 2019 re a multi-step income statement from this information including earnings per share. Information selected from the trial balance at 12/31/19 Account Balance Sales revenue 1,250,000 10 Marketing expenses 128,000 11 Accumulated depreciation- office equipment 80,000 12 Common stock 200,000 13 Rent revenue 28,000 14 Unearned service revenue 4,400 15 Cost of goods sol 00,000 16 Dividend revenue 8,000 17 Sales commissions 0,000 18 Interest expense 7,000 19 Allowance for doubtful accounts 5,000 20 Loss due to flood damage 170,000 21 Furniture and equipment 50,000 22 Delivery expense 45,000 23 Write-off of inventory due to obsolescence 42,000 24 Insurance expense 75,000 25 Gain on sale of investments 120,000 26 Depreciation expense on office equipment 28,000 28 Additional information: 29 Income is taxed at a rate of 25%. The company had the following stock outstanding all year: 31 4% cumulative preferred stock, $100 par, 6000 shares 32 Common stock, no par value, 50,000 shares 33 34 35 36 Pawlenciaga + Ready + 109% P 9 1 0 w X City A

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