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The ledger of Sunland Corporation at November 30,2024, contains the following summary data: Your analysis reveals the following additional information: Your analysis reveals the following
The ledger of Sunland Corporation at November 30,2024, contains the following summary data: Your analysis reveals the following additional information: Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. The communications devices division was discontinued on August 31 . The profit from operations for the division up to that day was $16,400 before income tax. The division was sold at a loss of $73,500 before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1,2023 , with no changes during the year. Prepare a multiple-step income statement for the year. (Round earnings per shore to 2 decimal ploces, eg. 15.25.) Prepare a statement of comprehensive income as a separate statement. Prepare a statement of comprehensive income as a separate statement
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