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Ivory Products, Inc. provided the folowing information from its current-year trial balance mm Click the icon to view the financial data.) Ivory issued $30.000 of no-par common stock on October 1 of the current year. The company to purchased $12.500 of its shares at the end of the reporting period. The company is subject to a 30% income tax rate Requirement Prepare the stockholders' equity section of the balance sheet at December 31 of the current year BE Begin by completo Ivory's multiple step income statement for the current year, or section time. Cut the branding in the order they are caly soon on a mile to come tatomart Band arourts to the marvet ute dotter Users on a mission to enter the expenses or loss from discontinued operations Ivory Products, Inc. Statement of Net Income For the Year Ended December 31 LO Debit Credit Account $ 900 $ 140 Gain on disposal of plant assets Dividends Cost of goods sold 30,000 5,400 Selling expenses Dividend income 895 6,800 7,100 8,350 330 504 Advertising expense Office salaries expense Depreciation expense Systems consulting fees expense Loss on asset impairment Unrealized gain on trading investments Accounting and legal fees expense Loss on discontinued operations before tax Office supplies expense Interest income 250 350 1,500 1,600 4,400 5,400 Gain on uninsured flood damage before tax Unrealized loss on available-for-sale bonds before tax 910 7,100 8,350 330 504 250 350 1,500 1,600 Office salaries expense Depreciation expense Systems consulting fees expense Loss on asset impairment Unrealized gain on trading investments Accounting and legal fees expense Loss on discontinued operations before tax Office supplies expense Interest income Gain on uninsured flood damage before tax Unrealized loss on available-for-sale bonds before tax Amortization expense Interest expense Sales salaries expense Sales Retained earnings: beginning balance Accumulated other comprehensive income: beginning balance Common stock -no par: beginning balance 4,400 5,400 er 910 6,000 900 2,000 420,000 100,000 240,000 83,000