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The following Information was taken from the tedgor and other records of Litie ins at December 31, 2022. All emounts ere pre-tax. $3 cumulative 20,000
The following Information was taken from the tedgor and other records of Litie ins at December 31, 2022. All emounts ere pre-tax. $3 cumulative 20,000 shares authori issued and authorized 180,000 issued and out Additional Information: There was no change in number of preferred shares during. the year. Preferred share cash dividends were in arrears for 2021 . There were 145,000 common shares outstanding on January 1, 2022. 20,000 shar issued on April 1, 2022 and another 17,000 shares were issued on Oct 1 Required: Prepare an Income Statement in good form for Lillie Inc. for the fiscal year ended December 31, 2022. Use an income tax rate of Include full earnings per share disclosure and show all calculations. The following Information was taken from the tedgor and other records of Litie ins at December 31, 2022. All emounts ere pre-tax. $3 cumulative 20,000 shares authori issued and authorized 180,000 issued and out Additional Information: There was no change in number of preferred shares during. the year. Preferred share cash dividends were in arrears for 2021 . There were 145,000 common shares outstanding on January 1, 2022. 20,000 shar issued on April 1, 2022 and another 17,000 shares were issued on Oct 1 Required: Prepare an Income Statement in good form for Lillie Inc. for the fiscal year ended December 31, 2022. Use an income tax rate of Include full earnings per share disclosure and show all calculations
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