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show on paper please show all work Please use the following information to prepare a multi-step income statement. (Skip lines please) $ Cash dividend declared

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Please use the following information to prepare a multi-step income statement. (Skip lines please) $ Cash dividend declared Computation error on 2018 depreciation, pre-tax, 2018 profits were overstated Cost of goods sold Gain on Sale of Equipment Loss from sale of laptop division (pre-tax) Net sales Seling and Administrative Expenses 25,000 300,000 875,000 120,000 685,000 2,150,000 326,000 Number of Common Shares Outstanding 100,000 ASSUME A 21% INCOME TAX RATE

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