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The following account balances were included in the trial balance of Coronado Corporation at June 30, 2020. $1,593,520 $6,696 Depreciation expense (office furniture and equipment)

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The following account balances were included in the trial balance of Coronado Corporation at June 30, 2020. $1,593,520 $6,696 Depreciation expense (office furniture and equipment) Sales revenue Sales discounts 32,700 Property tax expense 7,351 Bad debt expense (selling) Cost of goods sold 901,800 5,122 Salaries and wages expense (sales) 56,930 Maintenance and repairs expense (administration) 8,708 99,240 Office expense Sales commissions 6,540 Travel expense (salespersons) 30,000 Sales returns and allowances 61,888 Delivery expense 22,810 Dividends received 39,000 Entertainment expense 14,950 Interest expense 19,350 Telephone and Internet expense (sales) 100,240 9,040 Income tax expense Depreciation expense (sales equipment) Depreciation understatement due to error-2020 (net of tax) 17,792 4,570 Maintenance and repairs expense (sales) 8,320 5,928 Dividends declared on preferrred stock Miscellaneous selling expenses Dividends declared on common stock 5,026 37,670 Office supplies used 3,739 Telephone and Internet expense (administration) 2,642 The Retained Earnings account had a balance of $366,280 at July 1, 2019.There are 78,920 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO CORPORATION Income Statement For the Year Ended June 30, 2020 $ $ LA $ $ -A

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