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Using the information from the trial balance below and illustrations 4.2 as your guide, complete the Manitowoc Corporation Income statement for the year ended 12/31/2020

Using the information from the trial balance below and illustrations 4.2 as your guide, complete the Manitowoc Corporation Income statement for the year ended 12/31/2020 in good form using the Multiple Step Method including the Earnings per Share. You do not have to fill in every line -- extra ones are given if you need them.

Manitowoc Corp
Adjusted Trial Balance
31/12/2020
Account Title DR CR
Purchase Discounts
Freight In
Cash 189,700
Accounts Receivable 120,000
Long-term Notes Receivable 110,000
Inventory 64,000
Office Supplies 14,000
Land 70,000
Equipment 140,000
Buildings 98,000
Allowance for Doubtful Accounts 5,000
Accumulated Depreciation 47,600
Accounts Payable 49,000
Salaries and Wages Payable 18,000
Long Term Notes Payable 70,000
Bonds Payable 100,000
Common Stock as of 1/1/2020 300,000
Retained Earnings 164,800
Cash dividends 45,000
Sales Revenue 995,000
Interest Revenue 18,000
Sales Discounts 14,500
Sales Returns and Allowances 17,500
Gain on sale of Land 30,000
Selling Expense 118,200
Administration Expense 199,000
Tax Expense 53,900
Interest Expense 13,600
Cost of Goods Sold 530,000
1,797,400 1,797,400
-
Other Information
Shares Issued 100,000
Shares Outstanding 89,500
B. Determine Ending R/E by completing a Statement of Retained Earnings for the year ended 12/31/2020

Using the information above, complete a balance sheet for Manitowoc Corporation in Good Form for 12/31/20.

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