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The following data were taken from the records of Browntree Corporation at the end of the fiscal year ending December 31, 2020: Sales revenue Cost
The following data were taken from the records of Browntree Corporation at the end of the fiscal year ending December 31, 2020: Sales revenue Cost of goods sold $97,700 ? Gross profit $36,160 Wages expense $11,600 Selling and administrative expenses 7 Income before income tax $13,500 Income tax rate 30% Number of common shares outstanding 5,000 Prepare a multi-step statement of income for the company and calculate the earnings per share. (Hint: You will need to calculate the missing amounts to complete the statement of income.) (Round earnings per share to 2 decimal places, e.g. 52.75.) BROWNTREE CORPORATION Statement of Income Eamings per share The following data were taken from the records of Browntree Corporation at the end of the fiscal year ending December 31, 2020: Sales revenue Cost of goods sold Gross profit $97,700 $36,160 Wages expense $11,600 Selling and administrative expenses Income before income tax $13,500 Income tax rate 30% Number of common shares outstanding 5,000 Prepare a multi-step statement of income for the company and calculate the earnings per share. (Hint: You will need to calculate the missing amounts to complete the statement of income.) (Round earnings per share to 2 decimal places, e.g. 52.75.) BROWNTREE CORPORATION Statement of Income Earnings per share
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