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Shown below is revenue, expense, gain, and loss information for AAA Corporation for 2019. Administrative expense 215,000 Cost of merchandise sold Interest expense 408,500
Shown below is revenue, expense, gain, and loss information for AAA Corporation for 2019. Administrative expense 215,000 Cost of merchandise sold Interest expense 408,500 13,000 Dividend revenue 19,500 Pre-tax loss on disposal of a component of the business 30,000 Loss from write-down of inventory 70,000 Sales revenue Selling expenses Instructions 945,000 145,000 Prepare a multiple-step income statement, in proper form for 2019 for AAA Corporation that is presented in accordance with generally accepted accounting principles (including format and terminology). AAA Corporation has 75,000 shares of common stock outstanding and has a 20% federal income tax rate on all tax related items. Round all earnings per share figures to the nearest cent. Please complete your multi-step income statement within Microsoft Excel or Word and copy & paste into the answer box below.
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