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Sunland, Inc. has the following data for the year ended December 31, 2025: The company has average shares of capital stock outstanding of 20,000 for
Sunland, Inc. has the following data for the year ended December 31, 2025: The company has average shares of capital stock outstanding of 20,000 for the year and a tax rate of 20% on all items. Prepare a multiple-step income statement for Sunland, Inc. for the year ended December 31, 2025. (Round earnings per share answers to 2 decimal places, e.g. 5.25.)
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