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The accountant of Metlock Shoe has compiled the following information from the company's records as a basis for an income statement for the year ended
The accountant of Metlock Shoe has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2022. There were 20,000 ordinary shares outstanding during the year. Prepare a comprehensive income statement using the combined statement approach. (Round earnings per share to 2 decimal places, e.g. 1.48.) METLOCK SHOE Statement of Comprehensive Income For the Year Ended December 31, 2022 Net Sales Cost of Goods Sold Gross Profit / (Loss) Selling Expenses Administrative Expenses Other Income and Expense Rent Revenue E Rent Revenue Gain on Disposal of Land Income From Operations Interest Expense Income Before Income Tax Income Tax Net Income / (Loss) Income From Operations Comprehensive Income Other Comprehensive Income f Income Before Income Tax Income Tax Net Income / (Loss) Income From Operations Comprehensive Income Other Comprehensive Income Earnings Per Share
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