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The following information was taken from the records of Meenie Motorsports, Inc. at November 30, 2018: (Click the icon to view the data.) Prepare a
The following information was taken from the records of Meenie Motorsports, Inc. at November 30, 2018: (Click the icon to view the data.) Prepare a multi-step income statement for Meenie Motorsports for the fiscal year ended November 30, 2018. Include earnings per share. Complete the income statement in this step, and then identify and enter the applicable EPS amounts in the following step. (Round all earnings per share amounts to the nearest cent, $X.XX.) Meenie Motorsports, Inc. Income Statement Year Ended November 30, 2018 0 Data Table 306,000 Selling Expenses Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock-Common (1,000 shares) Net Sales Revenue 125,000 135,000 12,100 450,000 11,000 864,350 Common Stock, $9 Par Value, 34,000 shares authorized and issued Preferred Stock, $6 No-Par Value, 2,000 shares issued Income Tax Expense: Continuing Operations Income Tax Expense: Income from Discontinued Operations 60,000 45,000 Choose from any list or enter any number 4,840 1 part remaining Print | Done
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