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The following information was taknfrom the records of Sanchez Motorsports, Inc. at November 30, 2018 Click the icon to view the data) Prepare a multi-step
The following information was taknfrom the records of Sanchez Motorsports, Inc. at November 30, 2018 Click the icon to view the data) Prepare a multi-step income statement for Sanchez Motorsports for the fiscal year ended November 30, 2018. Include eamings per share Complete the income statement in this step, and then identify and enter the applicable EPS amounts in the following stap. (Round all earnings per share amounts to the nearest cent, SX.Xx) Sanchez Motorsports, Inc Income Statement Year Ended November 30, 2018 Data Table Selling Expenses Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock Common (3,000 shares) Net Sales Revenue $115,000 Common Stock, $10 Par Value, 35,000 37,000 shares authorized and issued S 370,000 0,200 Preferred Stock, $4 No-Par Value 500,000 4,000 shares issued 120,000 25,000 33,000 Income Tax Expense: Continuing Operations 882,800 me Tax Expense: Income from Discontinued Operations 4,080 Print Done Net Income
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