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typing please Roger's Corporation's capital structure consists of 100,000 shares of common stock. At December 31, 2020 an analysis of the accounts and discussions with
typing please
Roger's Corporation's capital structure consists of 100,000 shares of common stock. At December 31, 2020 an analysis of the accounts and discussions with company officials revealed the following information: Sales revenue Discontinued operations loss (net of tax) Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-machinery Dividend revenue Unearned service revenue Interest payable Land Patents Retained earnings, January 1, 2020 Interest expense Administrative expenses Dividends declared Allowance for doubtful accounts Notes payable (maturity 7/1/26) Machinery Repair Parts and Supplies Accounts payable $1,835,000 54,000 217,740 60,000 90,000 200,000 688,125 180,000 11,845 43,200 1,000 370,000 100,000 270,000 22,270 205,390 24,000 5,000 200,000 450,000 40,000 60,000 The amount of income taxes applicable to income was $285,328, excluding the tax effect of the discontinued operations loss which amounted to $36,000. Instructions (a) Prepare a multiple-step income statement including earnings per share information. (b) Prepare a retained earnings statementStep by Step Solution
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