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urgent plss You are presented with the following pre-tax amounts and income tax rate for Millertown Limited for the year ended December 31, 2022. In
urgent plss
You are presented with the following pre-tax amounts and income tax rate for Millertown Limited for the year ended December 31, 2022. In the table provided, complete a multi-step Statement of Comprehensive Income in proper format. There are more rows and accounts provided than needed. Be sure to indicate the after-tax amount of each of: - Income from continuing operations - Net Income - Comprehensive Income \begin{tabular}{|l|c|} \hline Dividends declared by Millertown & 2,500 \\ \hline Refund liability & 3,000 \\ \hline Operating and selling expenses & 110,000 \\ \hline Millertown sold equipment for $50,000. This & \\ equipment is not part of the subsidiary Birch Inc. & \\ above. The machine had originally cost $80,000 & \\ and had accumulated depreciation of $16,000. & Info in left column \\ \hline Estimated inventory returns & 4,000 \\ \hline Income tax rate & 20% \\ \hline \end{tabular} Millertown Limited Statement of Comprehensive Income for the year ended December 31, 2022 Gross profit $275,000 Income from continuing operations Paragraph You are presented with the following pre-tax amounts and income tax rate for Millertown Limited for the year ended December 31, 2022. In the table provided, complete a multi-step Statement of Comprehensive Income in proper format. There are more rows and accounts provided than needed. Be sure to indicate the after-tax amount of each of: - Income from continuing operations - Net Income - Comprehensive Income \begin{tabular}{|l|c|} \hline Dividends declared by Millertown & 2,500 \\ \hline Refund liability & 3,000 \\ \hline Operating and selling expenses & 110,000 \\ \hline Millertown sold equipment for $50,000. This & \\ equipment is not part of the subsidiary Birch Inc. & \\ above. The machine had originally cost $80,000 & \\ and had accumulated depreciation of $16,000. & Info in left column \\ \hline Estimated inventory returns & 4,000 \\ \hline Income tax rate & 20% \\ \hline \end{tabular} Millertown Limited Statement of Comprehensive Income for the year ended December 31, 2022 Gross profit $275,000 Income from continuing operations Paragraph Step by Step Solution
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