Question
Waterway Corporation had net sales of $2,412,400and interest revenue of $36,500during 2020. Expenses for 2020 were cost of goods sold $1,467,400, administrative expenses $215,800, selling
Waterway Corporation had net sales of $2,412,400and interest revenue of $36,500during 2020. Expenses for 2020 were cost of goods sold $1,467,400, administrative expenses $215,800, selling expenses $280,100, and interest expense $48,200. Waterway's tax rate is30%. The corporation had103,900shares of common stock authorized and72,220shares issued and outstanding during 2020. a single-step income statement for the year ended December 31, 2020.(Round earnings per share to 2 decimal places, e.g. 1.48.)
WATERWAY CORPORATION
Income Statement
choose the accounting period
December 31, 2020
For the Year Ended December 31, 2020
For the Quarter Ended December 31, 2020
select an opening name for section one
Dividends
Earnings Per Share
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Net Sales
enter an income statement item
$enter a dollar amount
enter an income statement item
enter a dollar amount
select a closing name for section one
Dividends
Earnings Per Share
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Net Sales
enter a total amount for section one
select an opening name for section two
Dividends
Earnings Per Share
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Net Sales
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
select a closing name for section two
Dividends
Earnings Per Share
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Net Sales
enter a total amount for section two
select a closing name for this statement
Dividends
Earnings Per Share
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Net Sales
$enter a total net income or loss amount
select an income statement item
Dividends
Earnings Per Share
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Net Sales
$enter a dollar amount rounded to 2 decimal places
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
