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Windsor Corporation had income from operations of $6,271,500. In addition, it suffered an unusual and infrequent pretax loss of $779,600 from a volcano eruption, interest
Windsor Corporation had income from operations of $6,271,500. In addition, it suffered an unusual and infrequent pretax loss of $779,600 from a volcano eruption, interest revenue of $17,340, and a write-down on buildings of $53,260. The corporations tax rate is 30%. Prepare a partial income statement for Windsor beginning with Income from operations. The corporation had 4,975,200 shares of common stock outstanding during 2017
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