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The following items were taken from the adjusted trial balance of the Bremeur Corp. on 31 December 20X5. Assume an average 20% income tax on

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The following items were taken from the adjusted trial balance of the Bremeur Corp. on 31 December 20X5. Assume an average 20% income tax on all items (including the divestiture loss). The accounting period ends 31 December. All amounts given are pre-tax and subject to the same income tax rate. Bremeur had 33,000 shares outstanding at the beginning of the year. On 31 August 20X5, an additional 6,000 shares were issued, at the end of 20X5, 39,000 shares were outstanding Sales revenue from continuing operations Revenue in business segment being discontinued Rent revenue Interest revenue Gain on sale of investments Distribution expenses General and administrative expenses Operating expenses in business segment being discontinued Interest expense Depreciation and amortization Settlement of legal claim agains the company Asset impairments, discontinued operation Cost of goods sold $702,780 78,080 2,780 1,050 2,300 139,080 113,080 79,500 1,800 6,300 10,380 12,300 333,000 Required: 1. Prepare a single-step income statement. (Round "Earnings per share" answers to 2 decimal places. Loss amounts should be indicated by a minus sign.) BREMEUR CORPORATION Income Statement For Year Ended 31 December 20X5 in Canadian dolors) December 20X5 Revenues and gains Required: 1. Prepare a single-step income statement. (Round "Earnings per share" answers to 2 decimal places. Loss amounts should be indicated by a minus sign.) BREMEUR CORPORATION Income Statement For Year Ended 31 December 2005 (in Canadian dollars) Revenues and gains: Total revenues and gains Expenses Total revenues and gains Expenses: Total expenses Income before discontinued operation Earnings per share: Continuing operation EPS Discontinued operation EPS Total earnings per share $ 0.00 2. Prepare a multiple-step income statement. (Round "Earnings per share" answers to 2 decimal places.) BREMEUR CORPORATION Income Statement Year Ended 31 December 20X5 in Canadian dollars) Operating expenses Total operating expenses Income from operations Other revenues (expenses) Total Other Revenue E Total operating expenses Income from operations Other revenues (expenses): Total Other Revenue (Expenses) Income before unusual item, income taxes and discontinued operation Unusual item Earnings before income taxes and discontinued operation Earnings from continuing operation Earnings per share Continuing operation EPS Discontinued operation EPS Total earnings per share 0.00

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