The following information was taken from the records of

Yang

Motorsports, Inc. at

November

30,

2024:

Prepare a multi-step income statement for

Yang

Motorsports for the fiscal year ended

November

30,

2024.

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.)

0 The following information was taken from the records of Yang Motorsports, Inc. at November 30, 2024: E: (Click the icon to view the data.) Prepare a multi-step income statement for Yang Motorsports for the fiscal year ended November 30, 2024. 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.) Yang Motorsports, Inc. Income Statement Year Ended November 30, 2024 Net Sales Revenue - X Data Table Cost of Goods Sold Gross Profit $ 150,000 Common Stock, $6 Par Value, 27,000 shares authorized and issued 110,000 $ 162,000 10.000 Operating Expenses: Selling Expenses Administrative Expenses Operating Income/Income Before Taxes Income Tax Expense Income From Continuing Operations Discontinued Operations (less applicable tax) Selling Expenses Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock-Common (2,000 shares) Net Sales Revenue 490,000 Preferred Stock, $4 No-Par Value, 6,000 shares issued Income Tax Expense: Continuing Operations Income Tax Expense: Income from Discontinued Operations 240,000 65,000 14,000 912.750 4.000 Net Income Print Done Earnings per Share of Common Stock (25,000 shares outstanding): Income From Continuing Operations Income From Discontinued Operations Net Income Choose from any list or enter any number in the input fields and then continue to the next