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Tamarisk Corporation had income from operations of $6,545,900. In addition, it suffered an unusual and infrequent pretax loss of $774,400 from a volcano eruption, interest
Tamarisk Corporation had income from operations of $6,545,900. In addition, it suffered an unusual and infrequent pretax loss of $774,400 from a volcano eruption, interest revenue of $15,400, and a write-down on buildings of $52,510. The corporations tax rate is 30%. Prepare a partial income statement for Tamarisk beginning with Income from operations. The corporation had 4,979,700 shares of common stock outstanding during 2017 .
TAMARISK CORPORATION Income Statement (Partial) For the Year Ended December 31, 2017
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