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The income statement for Weatherford international inc's year ended December 31, 2023, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority

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The income statement for Weatherford international inc's year ended December 31, 2023, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax (assume a rate of 20% ) The company had 109,000 common shares issued and outstanding throughout the year, as well as 21,800 shares of $120 cumulative preferred shares issued and outstanding. Retained earnings at December 31,2022 , were $333,300 Required: Prepare a corrected income statement, including eamings per share infomation (Negotive onswers should be indicoted by a minus sign in the other revenues and expenses section and the discontinued operotions section. Round the "Earnings per Share" answers to 2 decimol places.) Required: Prepare a corrected income statement, including earnings per share information. (Negative answers should be Indicoted by o minus sign in the other revenues and expenses section and the discontined operations section. Round the "Eornings per Share" answers to 2 decimal ploces.)

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