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The following information was taken from the records of Clarkston Motorsports, Inc. at November 30, 2018 ?(Click the icon to view the data.) Prepare a
The following information was taken from the records of Clarkston Motorsports, Inc. at November 30, 2018 ?(Click the icon to view the data.) Prepare a multi-step income statement for Clarkston Motorsports for the fiscal year ended November 30, 2018. Include earnings per share. Clarkston Motorsports, Inc. Income Statement Year Ended November 30, 2018 1Data Table $130,000 Common Stock, $18 Par Value Selling Expenses Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock-Common (4,000 shares) Net Sales Revenue $ 216,000 120,000 2,400 425,000 84,000 746,400 12,000 shares authorized and issued Preferred Stock, $4 No-Par Value 4,000 shares issued Income Tax Expense: Continuing Operations Income Tax Expense: Income from 160,000 35,000 Net Income 960 Choose from any list or enter any number in the input fields and t Print Done remaining
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