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The following Information is taken from the adjusted trail balance of Jenson Corp at December 31, 2020, the end of the fiscal year: (2) Selling,
The following Information is taken from the adjusted trail balance of Jenson Corp at December 31, 2020, the end of the fiscal year: (2) Selling, general, and administrative expenses includes: \begin{tabular}{lr} a. Depreciation & $35,000 \\ b. Employee wages and benefits & 90,000 \\ \hline \hline \end{tabular} Other Information: (1) Income tax rate is 30% on all items. (2) There were 100,000 common shares outstanding throughout the years. No preferred shares are outstanding. Required: a) Prepare, in good form, a single-step comprehensive income statement, by function, for the year ended December 31, 2020. b) For item (a), provide a separate schedule detailing how you arrived at income tax expense. c) Determine Earnings Per Share (EPS)
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