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The trial balance of Plano Company included the following accounts as of December 31, 2024: Debits Credits Sales revenue $ 612,000 Interest revenue 77,000 Gain
The trial balance of Plano Company included the following accounts as of December 31, 2024: Debits Credits Sales revenue $ 612,000 Interest revenue 77,000 Gain on sale of investments 127,000 Cost of goods sold $ 455,000 Selling expense 133,000 Interest expense 23,000 General and administrative expenses 86,000 Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a multiplestep income statement with earnings per share disclosure. Note: Round earnings per share answer to 2 decimal places. Gross prot Operating expenses: Total operating expenses Operating income (loss) Other income (expense): _ Income before Income taxes _ Earnings per share _
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