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The following balances were taken from the books of Oriole Corp. on December 31, 2017. Interest revenue $87,600 Accumulated depreciationequipment $41,600 Cash $52,600 Accumulated depreciationbuildings

The following balances were taken from the books of Oriole Corp. on December 31, 2017.

Interest revenue $87,600 Accumulated depreciationequipment $41,600

Cash $52,600 Accumulated depreciationbuildings $29,600

Sales revenue $1,381,600 Notes receivable $156,600

Accounts receivable$151,600 Selling expenses $195,600

Prepaid insurance $21,600 Accounts payable $171,600

Sales returns $151,600 Bonds payable $101,600

and allowances Administrative and general expenses $98,600

Allowance for $8,600

doubtful accounts

Sales discounts $46,600 Accrued liabilities $33,600

Land $101,600 Interest expense $61,600

Equipment $201,600 Notes payable $101,600

Buildings $141,600 Loss from earthquake damage $151,600

Cost of goods sold $622,600 Common stock $501,600

Retained earnings $22,600

Revenue

Sales Revenue $1,381,600.00

Sales Return & Allowances $151,600.00

$46,600.00

$198,200.00

Net Sales $1,183,400.00

Cost of Goods Sold $622,600.00

Gross Profit $560,800.00

Operating Expenses

Selling Expenses $195,600.00

Administrative Expenses $98,600.00

$294,200.00

Income from Operations $266,600.00

Other Revenues and Gains

Interest Revenue $87,600.00

$354,200.00

Other Expenses and Losses

Interest Expense $61,600.00

? XXXX.XX

Income Before Income Tax

Income Tax Expense (= .34 * Income Before Income Tax)

Net Income Income Before Tax - Income Tax

Earnings Per Share Net Income - Dividends / 100,000

Assume the total effective tax rate on all items is34%.

Use the multiple-step process to complete the income statement;100,000shares of common stock were outstanding during the year.

*****There's one item on the income statement that I'm missing that's keeping me from solving the entire problem. *****

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